AUD/USD buyers emerged in critical support but are not out of the woods – by christianborjon AUDUSD Majors PPI Inflation Fed
some of Tuesday’s CPI worries, which sent most risk assets tumbling, while the greenback rose above the 110.00 thresholds, on renewed inflation fears. Nevertheless, as of writing, sentiment is mixed, though it appears that traders are in wait-and-see mode.
US inflation data has been grabbing all the headlines in the last couple of days. On Tuesday, August, core CPI edged above the 7% YoY threshold above estimations, fueling speculations that the Fed might lift rates 100 bps in the September meeting. Nevertheless, August’s Producer Price Index has tempered concerns, with figures coming aligned with estimations and flashing positive news regarding supply chain disruptions.
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