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Jan 04 - 01:55 AM

AUD/USD - Trims Gains Ahead Of Likely Hawkish FOMC Minutes

By Ewen Chew  —  Jan 04 - 12:45 AM
  • AUD/USD slips to 0.6797 from Wed peak 0.6818, still up 1.0%

  • Risk on in Asia driven by China stocks boosted AUD, EM FX

  • China looks set to unleash more economic stimulus nL1N33P02Q

  • But ahead of likely hawkish FOMC minutes today, USD recovers

  • AUD/USD pullback may keep it out of Bollinger uptrend channel

  • Wed close above 0.6805 needed to engage bullish chart signal

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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