AUD/USD hits a high of 0.9745 on the CPI print, 4 pips shy of the 200-day MA. The pair has been below here for 137 days (since April 15)
think parity would have to be the trigger for inc rhetoric. Commodities look firm and Chinas growth is still solid, so as long as they hold up think the RBA wont be ready to take action.
What is your view on the impact of these levels for interest rates decisions? Looks to have moved pretty quickly since the governors comments last Friday and now with the taper pushed back looks like the AUD is going from strength to strength?