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Thomson Reuters
Jan 29 - 08:36 AM
AUD/USD - Australian CPI Data May Keep AUD/USD On Its Toes
First appeared on eFXplus on Jan 29 - 06:15 AM
  • Australian Q4 inflation data at 0030GMT could help to keep AUD/USD volatile
  • Softer than expected numbers could deflate AUD/USD to/through 0.71375
  • 0.71375 was Asia low after a weak NAB business survey nL1N1ZT013
  • 0.7175 = ensuing high, after Harper said expects next RBA rate move to be up
  • See: nL1N1ZT03V (WSJ). RBA rate cut talk hurt AUD last week nL1N1ZO07I
  • Mooted offers at 0.7200 are an appreciation obstacle beyond 0.7175

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