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US: Headline CPI likely to rise by 0.2% in December – ANZ

Analysts at ANZ are expecting both US core and headline CPI to rise by 0.2% MoM in December.

Key Quotes

“Core inflation should continue to increase at a rate of 0.2% m/m in the next few months. Domestic cyclical forces should put upward pressure on core service prices, while we expect underlying goods prices to ease.”

“We see the Federal Reserve staying on hold for a significant period. The next move is more likely to be down than up, as (too much) inflation is unlikely to worry the Fed for a long time.”

When are the UK data releases and how could they affect GBP/USD?

The UK docket has the monthly GDP release today, alongside the releases of the Kingdom’s Trade Balance and Industrial Production, all of which will dr
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AUD/USD clings to gains near multi-day tops, comfortably above 0.6900 handle

The AUD/USD pair edged higher for the second consecutive session and climbed further beyond the 0.6900 handle on the first day of a new trading week.
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