By Christopher Romano — Jan 27 - 07:29 AM
Despite above estimate AU CPI nL4N2K14MM AUD/USD sinks overnight
Downbeat risk sinks equities ESv1, copper HGv1, iron-ore DCIOc2
Safe-havens US$ & yen get bought, AUD/JPY sinks near 79.95
AUD/USD falls back below 10 & 21-DMAs, nears 0.7695 in early NY
Daily, monthly RSIs drop but AUD/USD trades in familiar 0.7640/0.7820 range
Fed risk looms, investors likely expect Powell to maintain dovish tone
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Source:
Refinitiv IFR Research/Market Commentary