Australian Dollar (AUD) The Aussie kept to its recent range like clockwork bouncing off 1.0530 after CPI came out more cooler than forecast at 2.25% vs. 2.4% y/y. The market has been unable to break out of the recent range for 3 weeks now and it might take the RBA in February to finally give the market a catalyst that break through. Looking ahead, January HSBC Chinese manufacturing PMI previously at 51.5.
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