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Oct 12 - 08:55 AM

AUD/USD - Bears Hold The Reins As US Inflation Data Now In Focus

By Christopher Romano  —  Oct 12 - 07:20 AM
  • AUD/USD traded 0.62395-0.62885 overnight, NY opens near 0.6265

  • Pair down -0.26% in early NY as US rates EDH3, US$ trade firmly

  • USD/CNH rally back above 7.1600 & toward 7.1800 weighs on AUD/USD

  • Drop in iron-ore prices DCIOc2 also help AUD/USD hit a 2-1/2-year low

  • Deeper AUD/USD fall avoided with help from equity ESv1, AUD/JPY gains

  • Techs are bearish; daily, monthly RSIs falling, pair below the 10-DMA

  • US Sept. PPI and Fed minutes of Sept. 20-21 meeting are risks

  • Fed speakers Kashkari, Barr, Bowman are event risks during NY trading

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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