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Aug 27 - 10:55 PM

AUD/USD - Pops As Australia's Inflation Rises Faster In July

By Ewen Chew  —  Aug 27 - 09:40 PM
  • AUD/USD pops to 7-mth high 0.6805 from 0.6785 after CPI

  • Bullish momentum affirmed by inflation data nAZN24JNHV

  • Wed close above 0.6751 validates Bollinger uptrend channel

  • Further rally toward Dec 2023 peak 0.6871 possible

  • Australia's July CPI rises to 3.5% y/y, above forecast 3.4%

  • Odds of RBA cut fade, bolstering AUD while UST yields fade

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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