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Forex pairs in this Article » AUD/USD (Barcelona) - Wednesday's Australian CPI reading will be important to gauge the possible Feb 5 RBA meeting outcome, with Thursday's HSBC 'flash' China manufacturing PMI also impacting on the central bank rates decision.

From NAB economists: "Until the former, AUDUSD looks likely to trade in the lower half of what has been an effective 1.05-1.06 handle and with forays below 1.05 likely to prove temporary for the time being."

NAB adds: "Should Wednesday's CPI show core readings at 0.6% or below then expectations for a February rate cut are likely to ratchet higher and bring with it a sustained break below the 1.05 level."
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