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Feb 12 - 05:55 PM

AUD/USD - Drifts Lower As Robust Economic Data Lifts USD

By Krishna K  —  Feb 12 - 04:55 PM
  • AUD/USD trades with a slightly offered tone after declining 0.25% Friday

  • Rising U.S. inflation expectations, improved consumer sentiment weaken AUD

  • U.S. Jan CPI eyed Tue, expected to climb 0.4% M-on-M, core CPI to rise 0.4%

  • Fed's Harker sees says small rate hikes on table, opens door to cuts in 2024

  • Hawkish RBA expectations, China economic recovery hopes limit AUD downside

  • Resistance 0.6950-55, 0.6990-0.7000, support 0.6900-10, 0.6880-85, 0.6850-60

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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