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TDUX
Nov 09 - 10:55 PM
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AUD/USD - Steadies In Asia As Attention Turns To US Inflation

By James Connell  —  Nov 09 - 09:30 PM

• AUD/USD flat Tue as USD remains soft in lead up to U.S. inflation release

• U.S. Oct core CPI due Tue, Reuters poll consensus +0.2% m/m/ +2.8% y/y

• Futures pricing currently implies 83.8% chance of Fed rate hike on Dec 9

• WTI -0.7% to $86.25 a barrel as Trump continues to flag restraint on Iran

• Westpac AU Nov consumer sentiment hits a 4-year low at -2.7% (prior -4.7%)

• NAB AU Oct business confidence falls to 6-year low of -15 (prior -14 (rev.))

• AUD 0.6835-55 support zone critical, break would send pair sharply lower

• Range Asia 0.6914-29 support 0.6855 0.6835 0.6662, resistance 0.7140 0.7282
AUD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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