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AUD/USD outlook supported by rallying metals and Chinese markets
The US dollar edged higher in the first half of Wednesday’s session, following several hawkish-leaning remarks from Fed officials and amid a lack of any major data. Only the British pound and the New Zealand dollar were showing modest gains against the greenback, owing to stronger-than-expected CPI data for the former and a hawkish RBNZ for the latter. The yen, franc and euro all weakened, as too did the Australian and Canadian dollars. With Fed officials remaining cautious about inflation, tonight’s release of the FOMC’s last meeting minutes is expected to unveil a more hawkish tone. But this should be ... (full story)