AUD/USD surges towards 0.7500 after mixed US inflation data By christianborjon AUDUSD Majors Macroeconomics Technical Analysis
. At the time of writing, the AUD/USD is trading at 0.7491.US inflation
The monthly readings missed expectations, with CPI expanding by 1.2%, higher than the 1% estimations, while Core CPI came at 0.3%, lower than the 0.6%. The market’s initial reaction was that the greenback fell below the 100.000 mark, US Treasuries edged lower and USMeanwhile, the AUD/USD lifted from 0.7460s to the 0.7490 area, as the appetite for riskier assets, increased.
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