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Oct 13 - 07:55 AM

AUD/USD - Up To Threaten 0.63 Before U.S. Inflation Data

By Rob Howard  —  Oct 13 - 05:55 AM
  • AUD/USD eyes 0.63 after rising from 0.6265 (intra-day low at 0706 GMT)

  • Offers just shy of 0.63 capped rally from Wednesday's 30-month low of 0.6236

  • Rally towards 0.63 aided by European stocks turning positive nL8N31E277

  • More offers expected ahead of 0.6350 (0.6346 was Tuesday's high)

  • U.S. Sept inflation data due 1230 GMT; CPI f/c 8.1% YY; core CPI f/c 6.5%

  • Money markets currently see 90% chance of 75 bps Fed hike Nov 2 FEDWATCH

Source:
Refinitiv IFR Research/Market Commentary

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