Currency Analyst since 2010

Aussie afttected by weak data

Demand for the US dollar remained tempered by the fact that the market players have pushed back the timing of an expected US interest rate hike. Today watch US inflation data at 13:30 GMT.

AUD/USD was rejected by resistance in the 0.7900 area as weak capital expenditure data increased the possibility of more rate cuts from the Reserve Bank of Australia.

EUR/USD is little changed in the 1.1360 zone. All in all, the single currency keeps consolidating between 1.1500 and 1.1200.

USD/JPY is trading in the 119.00 area. GBP/USD edged higher reaching a 2-month high at 1.5550. Britain will release revised Q4 GDP at 09:30 GMT.

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