AUDUSD – jump on higher than expected CPI was capped by 200DMA, all eyes on Fed
AUDUSD rose to one-month high on Wednesday, lifted by higher than expected inflation in the third quarter that boosted expectations for RBA rate hike in the next policy meeting.
Consumer prices advanced by 1.3% in Q3 compared to 0.6 in Q2 while annualized CPI was unchanged at 3.9%.
Core inflation was up by 3.7% from previous quarter’s 3.6%.…
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