AUD/USD awaits next catalyst this week

By FXStreet AUD/USD was climbing higher in the US shift on a broad based sell-off in the greenback in thin markets that allowed for such a big move in the dollar.

United States Core Personal Consumption Expenditure – Price Index (MoM) came in at 0.1% below forecasts (0.2%) in February

The volatility comes ahead of a schedule packed week for the markets with further US data and Fed Chairwoman Janet Yellen speaking in the U.S. session tonight. While today’s US inflation data was poor enough to set the dollar back, it comes after a series of hawkish Fed member comments last week, with St. Louis Fed President James Bullard saying last week that inflation would overshoot the Fed’s 2% target. Yellen had previously mentioned during a news conference that April remains a “live” meeting.

We will find out more from her point of view in tonight’s speech in New York. Meanwhile, we await more from China in the manufacturing data due this week along with non-farm payrolls in the US on Friday as next major catalysts.

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AUD/USD levels

AUD/USD is consolidated shy of the 200 1hr sma at 0.7569. The high has …read more

Source:: FX Street