Forex News AUD/USD expected to trade in 0.97-0.98 range ahead of 2Q CPI tomorrow, nabCaptial senior currency strategist John Kyriakopoulos says. Notes stronger-than-expected CPI likely to produce only "short-term" rise in AUD "since the slowing economy suggests the RBA won't hike again." However, lower-than-expected inflation might prompt traders to fully price in 25bp rate cut by early 2009, weighing on AUD. AUD/USD last 0.9764.
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