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May 10 - 04:55 PM

AUD/USD - Indecision Emerges Ahead Of Key Inflation Data

By Christopher Romano  —  May 10 - 02:10 PM
  • NY opened near 0.6960 after tight ranges help in Europe's morning

  • Pair lifts above 0.6980 in early trading but gains faded as US$ lifted

  • US rates bounce EDM3US2YT=RR help send U$ up, stocks, commodities down

  • AUD/USD fell to 0.6914 but rallied towards flat as equities turned positive

  • Daily doji formed, implies indecision; daily RSI didn't confirm today's low

  • China, German, US inflation data due Wednesday, may have big market impact

  • For more click on FXBUZ



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Source:
Refinitiv IFR Research/Market Commentary

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