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May 16 - 10:55 PM

AUD/USD - Muted Reaction As Q1 Aus WPI Around Expectations

By John Noonan  —  May 16 - 09:45 PM
  • AUD/USD unchanged at 0.6745/50 after Q1 Aus WPI around expectations

  • Q/Q WPI came in at +0.80% (+0.90% Reuters poll) and +3.7% Y/Y (+3.6% poll)

  • AUD/USD hasn't benefited from signs of progress in US debt ceiling talks nL1N37D0XM

  • E-minis are up 020% in quiet reaction while AXJ index is -0.30%

  • AUD/USD support at Friday's 0.6634 low and break targets 2023 low at 0.6564

  • Resistance is at the 21-day MA at 0.6711

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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