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TDUX
Oct 27 - 05:55 AM
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AUD/USD - Maintains 0.70 Handle Before Australian CPI Data

By Robert Howard  —  Oct 27 - 03:55 AM

• AUD/USD maintains 0.70 handle before Australian Q3 CPI data at 0030 GMT

• Up 1.2% QQ, 3.9% YY forecast. Core forecast at 1.0% QQ, 3.6% YY

• Hotter than expected data would raise risk of RBA rate rise next week

• It might also inflate AUD/USD towards 0.71 (last at 0.71 on Sept 23)

• Markets currently see 65% chance of RBA hike on Nov 3

• Two-day Fed meeting gets underway later; rate hold expected Wednesday

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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