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Oct 12 - 07:55 AM

AUD/USD - Maintains 0.64 Handle Ahead Of US CPI Data

By Rob Howard  —  Oct 12 - 06:05 AM
  • AUD/USD has traded a quarter-cent range since the Ldn open; 0.6406-0.6431

  • The base of that range approximates to the 21-day moving average

  • US CPI data due at 1230 GMT; 0.3% MM, 3.6% YY f/c. Core f/c 0.3% MM, 4.1% YY

  • Hotter than expected US inflation data might depress AUD/USD to 0.6389

  • 0.6389 was Wednesday's low (after rise to test 0.6445 Oct 2 high)

  • Chevron Australia, LNG unions make further progress in talks-union official

Source:
Refinitiv IFR Research/Market Commentary

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