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

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