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Jul 11 - 07:24 AM
AUD/USD - Scales Three-Day Peak Before U.S. Inflation Data
First appeared on eFXplus on Jul 11 - 05:10 AM
  • AUD/USD rise to 0.6978 fuelled by dovish shift in Fed expectations on Powell
  • One in four chance of 50bp Fed rate cut July 31 vs zero chance post-NFP beat
  • 0.6978 = three-day high for AUD/USD vs two-week low of 0.6911 pre-Powell
  • Sub-f/c U.S. CPI data at 1230GMT could further inflate AUD/USD towards 0.70
  • 0.6994 was Monday's high. CPI f/c +1.6% YY, core CPI f/c +2.0% YY
  • Australia's rate cuts, tax rebate helping economy, says Lowe nL4N24C1PE

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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