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Jun 10 - 08:55 AM

AUD/USD - Cloudy Conditions Remain Into Key Inflation Data

By Christopher Romano  —  Jun 10 - 07:21 AM
  • US 10-yr yield US10YT=RR, USD/CNH are up while eurodollars EDZ2 are down

  • Equities ESv1, iron-ore DCIOc2, US$ =USD are higher on the session

  • External influences on AUD/USD are balanced, pair remains on familiar turf

  • AUD/USD trades within the daily cloud, clings to 10-, 21- & 55-DMAs

  • Investors await US May CPI USCPF=ECI, ECB inflation & GDP outlooks

  • US CPI likely to have greater impact, if above estimate AUD/USD may fall

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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