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Q4 Australian CPI report a tailwind for AUD - MUFG

MUFG Research sees a scope for AUD to stay supported around this week's AU Q4 CPI print.

"The Australian dollar has clearly benefitted from building optimism over a stronger rebound for China’s economy this year. It has already lifted the AUD/USD rate back above the 0.7000-level for the first time since the summer of last year. The recent strengthening of the Australian dollar has been supported by favourable terms of trade developments for Australia," MUFG notes.

"It comes... Read More

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Australian

Report

Tailwind

Mufg

Forex

Posted: Jan 24 2023, 18:47

Author Name: forexlive

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