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Oct 28 - 04:55 AM
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AUD/USD - Scales Five-Week Peak On Hot Australian CPI Data
By Robert Howard — Oct 28 - 04:27 AM
• AUD/USD jumped to 0.7055 in Asia on hot Australian Q3 CPI data
• 0.7055 is highest level since Sept 23 (0.7056 is 200DMA)
• Australian CPI data spurs hawkish shift in RBA rate expectations
• Markets now see 88% chance of RBA rate hike next week (Nov 3)
• AUD/NZD soared to 1.26 in Asia as kiwi sank on RBNZ rate hold shock
• 1.26 is 13-year high. Fed rate hold expected at 1800 GMT
AUDUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters