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The Australian Dollar recovered some territory against the US Dollar yet fell shy of reclaiming key technical resistance levels after Thursday’s US inflation data capped the Greenback's advance.
A review of things you need to know before you sign off on Friday; inflation proving stickier than expected; both retail and factories in severe downturns, OCR cut prospects fade, swaps up, NZD up, & more
A review of things you need to know before you sign off on Thursday; rents rise, per capita activity slips, GHGs fall (slightly), strong NZGB demand, scrum screwed, swaps jump, NZD eases, & more
The AUD/USD pair oscillates in a narrow trading range during the Asian session on Thursday and consolidates the previous day's hotter US CPI-inspired slump to over a one-week low.
Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday, he “won't rule out any steps to respond to excessive FX moves.” Additional quotes Won't comment on forex levels, currency intervention.