AUD slips following CPI & RBA – Video Analysis

AUD slips following CPI & RBA – The big miss on CPI released by RBA earlier today, and Reserve Bank’s Philip Lowe’s suggestion that Aussie is a bit overvalued, push AUDUSD lower at 0.7870. The GBPAUD is another pair triggered our curiosity for today. Additionally, Oil rallied 4.5% up yesterday on positive news from Saudi Arabia  and with Nigeria cutting its production as well.

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Stuart Cowell

Senior Market Analyst


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