1.AUDUSD is consolidating gains, keeping its range play intact below 0.6550 in Thursday's Asian session. Investors stay cautious amid softening Australian Consumer Inflation Expectations and US-China woes. The US Dollar awaits the key US CPI data for fresh impetus.
2.EURUSD is treading water within a key technical envelope below 1.1000 in Asia this Thursday. Traders refrain from placing fresh bets on the major ahead of the critical US CPI data, which could influence the Fed policy path and the US Dollar valuations. ECB Economic Bulletin also eyed.
3.Gold price edges higher during the Asian session on Thursday, albeit lacks follow-through. Bets for more rate hikes by the Federal Reserve underpin the US Dollar and cap the upside. China’s economic woes could lend support to the safe-haven XAUUSD and help limit losses.
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