AUD/USD remains on the defensive below 0.6700, Chinese CPI, US PPI eyed

AUD/USD attracts some sellers amid the rebound of USD.
US headline CPI for December rose 0.3% MoM vs. 0.1% prior; the Core CPI figure grew 0.3% MoM.
Australian Trade Balance jumped to 11.437M in November.
Chinese CPI and US PPI reports will be in the spotlight on Friday.

Lallalit Srijandorn FXStreet

The AUD/USD pair remains on the defensive during the early Asian session on Friday. The pair edges lower on the stronger-than-expected December US inflation figures. Investors await China’s inflation and Trade Data on Friday for fresh impetus. AUD/USD currently trades around 0.6688, up 0.03% on the day.

Data from the US Bureau of Labor Statistics revealed on Thursday that the headline Consumer Price Index (CPI) for December rose 0.3% MoM from 0.1% in the previous reading, above the market consensus of 0.2%. The Core CPI figure grew 0.3% MoM while the annual rate climbed 3.9% YoY versus 4.0% prior, better than the 3.8% estimated.

The upbeat US CPI data and labor market data last week prompted investors to question the Federal Reserve’s (Fed) plan to cut interest rates in the second quarter. This, in turn, boosts the US Dollar (USD) and acts as a headwind for the AUD/USD pair.

On the Aussie front, the Australian Trade Balance jumped to 11.437M in November. Meanwhile, Goods and Services Exports came in at 1.7% on a monthly basis versus 0.4% prior, and Imports fell 7.9% in December MoM versus a 1.9% drop prior.

Apart from this, China’s Consumer Price Index (CPI), Producer Price Index (PPI) and Trade Balance will be released on Friday. If the report shows a better outcome, this could boost the China-proxy Australian Dollar.

Moving on, attention will shift to the US Producer Price Index (PPI) for December, which is projected to show an increase of 0.1% MoM and 1.3%, respectively. The annual Core PPI is estimated to ease to 1.9% YoY versus 2.0% prior. These figures could give a clear direction to the AUD/USD pair.

AUD/USD

Overview
Today last price	0.6689
Today Daily Change	-0.0008
Today Daily Change %	-0.12
Today daily open	0.6697

Trends
Daily SMA20	0.6757
Daily SMA50	0.6623
Daily SMA100	0.6507
Daily SMA200	0.6583

Levels
Previous Daily High	0.6713
Previous Daily Low	0.668
Previous Weekly High	0.6839
Previous Weekly Low	0.6641
Previous Monthly High	0.6871
Previous Monthly Low	0.6526
Daily Fibonacci 38.2%	0.67
Daily Fibonacci 61.8%	0.6693
Daily Pivot Point S1	0.668
Daily Pivot Point S2	0.6664
Daily Pivot Point S3	0.6648
Daily Pivot Point R1	0.6713
Daily Pivot Point R2	0.6729
Daily Pivot Point R3	0.6746

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.