AUD/USD: STICKY AUSTRALIAN INFLATION DATA MAY ADD STEAM TO THE RALLY – ING

avatar
· Views 88




AUD/USD broke decisively above 0.7000 yesterday. Australian Consumer Price Index data for the fourth quarter could fuel the rally if figures come out sticky, economists at ING.


AUD/NZD may retest the recent 1.0950 highs soon

“Tonight’s fourth-quarter CPI data in Australia will be key, as evidence of sticky inflation may force a hawkish repricing across the AUD curve (which currently embeds 40 bps of extra Reserve Bank of Australia tightening) and add steam to the AUD/USD rally.”


“CPI figures are released also in New Zealand and we see a larger risk they could show a deceleration in price pressures compared to Australia. AUD/NZD may retest the recent 1.0950 highs soon as the NZD curve has more room for a dovish repricing.”


See:


Australian CPI Preview: Forecasts from seven major banks, sticky inflation figures 

NZ CPI Preview: Forecasts from four major banks, past the peak, but still red-hot

免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest