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Aussie CPI adds to case for next RBA move.....>

FOREX
FOREX: Aussie CPI adds to case for next RBA move to be a hike
-AUD is the strongest performer in G10 Wednesday, with AUD/USD edging above
$0.72 at pixel, as Q4 CPI came in above expectations overnight: both the Q/Q and
Y/Y exceeded expectations by 0.1ppts, adding to the case for the Reserve Bank of
Australia's next move on rates to be higher. As a result, AUD is stronger all
others in G10.
-GBP sits just behind AUD today, clawing back a minority of the losses suffered
yesterday as UK Parliament supported amendments that grants PM May more time to
negotiate with Brussels on Brexit. It remains to be seen what further
concessions the EU can grant and the Mar29 deadline still looms large. GBP/USD
reclaimed $1.31 but markets appear happy to continue to sell rallies at this
point.
-Poor Swedish confidence data this morning saw EUR/SEK touch the highest levels
since October, with key Fib resistance giving way.
-Focus turns to German CPI, ADP Employment Change and the FOMC rate decision
(exp. unchanged) and subsequent press conference.

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