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
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Source:
Refinitiv IFR Research/Market Commentary