AUD/USD steadies near 0.6960 despite upbeat Aussie NAB data, focus on US inflation – by anilpanchal7 AUDUSD RiskAppetite RBA Fed Inflation
he pre-data anxiety, the Aussie pair fails to cheer the upbeat prints of the National Australia Bank’s monthly sentiment data.
It’s worth noting, however, that the US Dollar’s positioning for the Consumer Price Index for January and softer Treasury bond yields join firmerto put a floor under the AUD/USD prices. Alternatively, hawkish Fed talks and the market’s doubts over the Reserve Bank of Australia’s hawkish concerns seem to cap the Aussie pair’s run-up ahead of all-important US inflation numbers.
At home, the RBA appeared hawkish but the quarterly statement from the Aussie statement raise doubts on the more rate lifts as it downplays inflation forecasts, which in turn challenged the AUD/USD bulls.
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