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Jun 25 - 07:55 AM

AUD/USD - Helped To One-Week Peak By Rise In Risk Appetite

By Rob Howard  —  Jun 25 - 05:41 AM
  • AUD/USD rise to 0.7602 (high since June 17) aided by rise in risk appetite

  • One of the roles of the AUD is to be a liquid proxy for risk appetite

  • 0.7478 was recent six-month low, courtesy of hawkish Fed dot plots

  • U.S. core PCE data due 1230GMT, rise to new 29-year high of 3.4% YY f/c

  • U.S. inflation likely to remain elevated for up to four years - BofA

  • See: nL5N2O71ON. Fed policymakers split over risk view nL2N2O627B

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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