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Nov 14 - 03:55 PM

AUD/USD - After CPI Expectations For Fed Help Put September's High In Focus

By Christopher Romano  —  Nov 14 - 01:35 PM
  • AUD/USD opened NY near 0.6375, big rally ensued on downbeat US Oct CPI data

  • US$ fell sharply with US yields US2YT=RR as Fed expected to stay on hold

  • Investors pulled forward expectations for first Fed rate cut to May

  • AUD/USD rallied above the 10- & 55-DMAs as well as the daily cloud base

  • Equity ESv1, copper HGv1 gains & USD/CNH drop to 7.2500 buoyed AUD/USD

  • AUD/USD traded 0.6500, neared daily cloud top, 38.2% Fib 0.6895-0.6271 late

  • Rising daily, monthly RSI imply upward momentum, September's high may break

  • China Oct. Retail sales, industrial output are data risks in Asia

  • US Oct. PPI, retail sales are data risks in NY hours Wednesday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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