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Remaining constructive on AUD/USD post CPI release – OCBC

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, maintains a near-term positive outlook on AUD/USD as Australian CPI release gives support to the pair.

Key Quotes

“The 1Q CPI numbers came in slightly warmer than expected (trimmed mean +2.3% yoy from 2.2% prev) pushed the AUD-USD higher past 0.7750, potentially setting the tone for the session before further cues from LDN/NY. We remain mildly constructive on the pair in the near term, especially with global risk appetite levels entrenched in Risk-Neutral territory.”

Gold trades above USD 1200/Oz

Gold prices trade above the USD 1200 mark, after having recovered from the low of USD 1199.1 amid signs of weakness in the US Treasury yields.
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EUR/GBP remains in sub-0.7200 levels

The steady performances of both the sterling and the euro are keeping EUR/GBP in a tight range around the 0.7200 mark on Wednesday...
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