FX Watch: AUD/USD and AUD/NZD Could Turn Bearish if Australia’s Inflation Misses


Who’s ready to trade Australia’s latest inflation data?

Our Event Guide for the Australian December CPI report noted that markets are looking for sticky high price pressures, which will likely support a Reserve Bank of Australia (RBA) interest rate hike in February.

But if the numbers miss analysts’ estimates, bearish AUD setups like AUD/USD and AUD/NZD could yield us some pips.

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