AUD/USD remains on the defensive below 0.6700, Chinese CPI, US PPI eyed
The AUD/USD pair remains on the defensive during the early Asian session on Friday.
Source: fxstreet.com
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AUD/USD Forecast: Technical rebound in the offing?
AUSD/USD rapidly faded Wednesday’s advance and refocused on the downside, briefly reaching fresh weekly lows in the 0.6650/45 band on Thursday.
Source: fxstreet.com
Australia's November CPI comes in at 4.3% YoY vs. 4.4% expected
The latest data published by the Australian Bureau of Statistics (ABS) on Wednesday showed that the nation’s Consumer Price Index (CPI) decelerated from the 4.9% YoY rate to 4.3% in November.
Source: fxstreet.com
Australian Dollar grapples to surpass the psychological level despite a softer Aussie CPI
The Australian Dollar (AUD) retraces its recent losses despite a softer-than-expected Aussie consumer inflation data released on Wednesday.
Source: fxstreet.com
AUD/USD Forecast: Focus now shifts to US inflation
In line with the broad-based positive sentiment in the risk-associated space, AUD/USD clocked a decent advance on Wednesday, this time managing to reclaim, albeit briefly, the area north of 0.6700 the figure.
Source: fxstreet.com