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Dec 14 - 04:55 PM

AUD/USD - Inflation Surprise Gives Shorts A Boost Ahead Of The Fed

By Christopher Romano  —  Dec 14 - 01:35 PM
  • Broad based US$ sales rally AUD/USD to 0.7136 into NY's open

  • Drop ensues, intensifies after big PPI upside surprise nL1N2SZ16U

  • US rates EDM2US2YT=RR get a lift on PPI, US$ reverses overnight fall

  • Equities ESv1 slide, copper HGv1 & iron-ore DCIOc2 turn negative

  • Soured risk drives buys of safe-haven yen, AUD/JPY dips below 80.70

  • AUD/USD turns negative, breaks the 10-DMA, nears 0.7100 late in the day

  • Fed risk looms; investors likely to focus on taper, inflation messaging

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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