WEEKLY CURRENCY OUTLOOK
• Relatively quiet week in markets with AU CPI headlining this week. • AU CPI expected @ 3.7% y/y (prev 3.8%) – overall -ve for AUD. • AUDUSD still in consolidation/ranging phase, pivoting between 0.7033 & 0.7115. • AUDUSD HITS 71c! YOU READ THAT RIGHT! • AUDUSD briefly hit 71c earlier this morning before going