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Jan 25 - 08:55 PM

AUD/USD - Makes Most Of Positive Fundamentals And Chart Cues

By Krishna K  —  Jan 25 - 08:15 PM
  • AUD/USD continues to make steady progress after closing 0.8% higher Wed

  • Boosted by hot Australia inflation which heightens hawkish RBA expectations

  • Risk of 2 more 25bps RBA hikes to 3.6% being priced in; some expect 3.85%

  • USD continues to sag on expectations of less hawkish Fed as US economy slows

  • China reopening optimism and elevated commodity prices underpin AUD

  • Upbeat analysts' calls on Asian stocks & AXJ currencies lift AUD sentiment

  • Caution ahead of Thu-Fri U.S. data, Feb 1 Fed rate decision may slow rally

  • Australia markets closed Thu; resistance 0.7125-35, support 0.7060-65

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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