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Aug 11 - 08:55 AM

AUD/USD - US Rates Give Shorts A Boost Ahead Of CPI

By Christopher Romano  —  Aug 11 - 07:19 AM
  • AUD/USD trades 0.73495 in Asia, falls in Europe, NY opens near 0.7330

  • Drop aided by US 10-yr yield rally to a 20-session high of 1.3780%

  • Drop in Dec. 2022 ED EDZ2 price help buoy the US$ & sink AUD/USD

  • AUD/USD is consolidating its recent drop while below the 10- & 21-DMAs

  • Investors now await US July CPI USCPF=ECI for next cues on US rates

  • An above estimate CPI likely rallies US$, rates & sends AUD/USD lower

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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