AUDUSD Supported by Stronger-Than-Expected Inflation, Though Dovish RBA Governor Caps Upside Momentum
AUDUSD climbed to a two-week peak at 0.7116 in early Wednesday trading, supported by the release of Australia’s latest CPI figures.
Inflation remained elevated in January, holding steady at 3.8% year-on-year, while core inflation printed at 3.4%, marking its highest level in 16 months. Both readings exceeded market forecasts of 3.3% for headline…
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