AUD/USD hits a 6 month high with USD lower across the majors board


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The
USD
id
dribbling
lower.
Apaprt
from
what
has
ben
posted
there
are
no
obvious
fresh
catalysts.
Markets
are
super-pumped
to
see
a
lower
US
CPI
later
today
and
a
potential
nearer-term
USFed
rate
cut.
Whether
the
CPI
behaves
or
not,
time
will
tell.

The
Australian
dollar
has
been
a
key
beneficiary.
The
RBA
look
to
be
on
hold
for
longer,
and
even
maybe,
just
maybe,
will
hike
again.
Yesterday
we
had
signals
from
the
Reserve
Bank
of
New
Zealand
that
rate
cuts
are
coming.

AUD/JPY
has
been
a
beast,
of
course.