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Jan 27 - 01:55 AM

AUD/USD - Drifts Lower, CPI Tops Forecasts But No Game Changer

By Krishna K  —  Jan 27 - 12:33 AM
  • AUD/USD -0.1% in cautious Asia, bulls take profit ahead of FOMC Wed meeting

  • Dovish Fed hopes persist but mainly priced in, traders grow warynL1N2JX1NY

  • Downside limited as optimism on U.S. fiscal aid package persistsnL1N2K104T

  • Global growth hopes underpin as IMF upgrades 2021 forecasts nL4N2K204D

  • AU Q4 CPI above forecasts but core inflation remains subdued nL4N2K14MM

  • Will not change RBA expectations; c.bank meets Feb 4 nL4N2JU0SQ

  • Support 0.7720-25, 0.7700, 0.7660-70 strong; resistance 0.7760-65, 0.7780-85

  • For more click on FXBUZ


AUSTRALIA CHINA TRADE: Click here

Source:
Refinitiv IFR Research/Market Commentary

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