Upgrade to Premium! Don't miss every day our Risk Appetite analysis with charts
AUD/USD keeps its range play intact below 0.7400, although holds the higher ground on upbeat Australian CPI data. Surging covid cases in Australia and extension of Sydney lockdown caps the upside. Markets remain cautious ahead of the Fed decision.
No change in rate policy or bond purchases expected. US economy appears to be slowing under labor, supply chain shortages. Treasury curve has flattened, inflation has jumped since the June 16 FOMC. Dollar has gained against most majors since mid-June.