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Consumer Inflation Expectations Headline Light Local Docket

AUD

The aforementioned gyrations in the U.S. dollar drove AUD/USD on Wednesday, resulting in the extension of the rate's current losing streak to three straight days.

  • Our policy team published an exclusive interview with RBA's Harper on Wednesday, with the off'l suggesting that the housing boom is good for economic recovery.
  • Melbourne Institute are set to publish consumer inflation expectations later today.
  • AUD/USD last seen at $0.7727, marginally below neutral levels. A break under Jun 3 low of $0.7646 would allow bears to take aim at Apr 14 low of $0.7635. Topside focus falls on Jun 2 high of $0.7773 and a break here would expose May 18 high of $0.7813.

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