USD Trading Outlook
The Australian Dollar (AUD): The AUD managed to slightly push itself back up after being pressured by 1.5% drop in Shanghai on Monday. The key data for this week on the AUD will be the Q1 CPI (3.2% f/c vs 2.7% prev). Even though a large upstick is expected, short term forward rates are counter-intuitively grinding lower and is worthy of a yellow cautionary flag with regard to this latest bullish run.
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