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