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