By Krishna Kumar — Jan 08 - 07:47 PM
• AUD/USD -0.2% as softer-than-expected retail sales add to negative sentiment
• Australia Nov retail sales +0.8% m/m vs 1.0% expected in Reuters poll
• Likely to fuel dovish RBA expectations further after benign CPI data Wed
• Feb cut chances rise to 60% from 51% Wed;Fed-RBA policy expectations diverge
• Rising Treasury yields, robust US economy, Trump tariffs threats also weigh
• Strong support at 0.6180-90, resistance 0.6225-30, 0.6245-50
• Thursday range 0.6198-0.6215; China inflation data awaited
US consumer prices:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters