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Jan 09 - 09:55 PM

AUD/USD - No Reaction To Softer Than Expected Aus Nov CPI

By John Noonan  —  Jan 09 - 07:45 PM
  • Aus Nov weighted mean CPI 4.3 %Y/Y versus 4.4% Y/Y expected

  • CPI reading for November down from 4.9% in October

  • AUD/USD trading just above 0.6690 from just below before the data

  • RBA will be happy to see inflation trending in right direction

  • AUD/USD support at 38.3 of Oct-Dec rise at 0.6641

  • Resistance is at the 10-day MA at 0.6747

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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