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Apr 11 - 07:55 AM

AUD/USD - Awaits More Data After Sinking On Hot US CPI

By Rob Howard  —  Apr 11 - 06:10 AM
  • AUD/USD has traded a 28 pip range thus far Thursday; 0.6502-0.6530

  • 0.6502 is three pips above Wednesday's base (lowest level since April 2)

  • AUD/USD was on 0.66 handle before greenback jumped on hot US CPI data

  • US jobless claims and March PPI data due 1230 GMT; 215k and 0.3% MM forecast

  • Yuan falls to 5-month low vs USD (AUD is often used as liquid proxy for CNY)

  • China Premier Li to visit Australia in June, SCMP says nL2N3GK0HJ

Source:
Refinitiv IFR Research/Market Commentary

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