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Aussie to remain in offered mode
The Australian dollar caught a bit of a tailwind heading into this morning’s private sector credit and the Purchaser’s Price Inflation Index releases, coming off session lows below .7450 as the market pared back some overnight shorts. But with the overhang from Trump uncertainty weighing on investor sentiment, it remains unlikely the market will take a significant position in either direction more so as next week could offer some challenges for “ yield appeal” with the FOMC on tap.With so much priced out of Fed policy this year, the only real surprise in my view would be a more hawkish lean from the Fed than ... (full story)