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AUD/USD and NZD/USD Fundamental Daily Forecast – Limited Movement on Positioning Ahead of US CPI Report

From fxempire.com

The Australian and New Zealand Dollars are trading slightly lower early Monday as investors continue to assess the impact of Friday’s powerfully strong U.S. Non-Farm Payrolls report on Fed policy. The stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes. Traders are also being cautious as they braced for a U.S. Inflation report later this week that could force another 75 basis-point rate hike. Meanwhile, some investors are monitoring U.S./China relations, which could escalate and lead to heightened volatility for riskier assets. At 01:13 GMT, ... (full story)

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  • Category: Fundamental Analysis