AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment AUDUSD Currencies DollarIndex RBA CPI
0s recent highs in what has been a choppy consolidation range since the US Consumer Price Index event that showed ongoing disinflation.
Domestic economic data are also showing resilience. November Retail Sales recorded a far stronger-than-expected rise of 1.4% month on month, which followed an upwardly revised October number. The monthly November Consumer Price Index also ticked higher to 7.3% YoY, with the core data also edging up.
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