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Jan 29 - 10:55 PM

AUD/USD - Touch Firmer But RBA Feb Rate Cut Optimism Caps

By Krishna Kumar  —  Jan 29 - 09:22 PM

• AUD/USD +0.1% in Asia as Powell's optimism on inflation lifts risk appetite

• Powell in press conference neutralises slightly hawkish Fed statement

• Fed Chair says expects to see further progress on inflation

• Rising expectation of RBA Feb 25 bps rate cut will continue to cap rise

• NAB joins other major Australian banks calling for a cut on Feb 18

• Feb rate cut probability rises to around 75% from 65% after benign CPI Wed

• Trump tariff threats also weigh as Feb 1 deadline for China tariffs loom

• Trump commerce nominee vows stronger China tech curbs

• Support 0.6200-10, 0.6165-70, resistance 0.6255-60, 0.6280-85

• Asia range 0.6229-0.6242
Aus Q4 nflation


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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