AUD/USD trades near 0.7230 (chart 0.7229) in Europe after hawkish Hauser remarks. Four-year high stamps 0.7277 and headline 0.7280 quoted separately.
The Australian Dollar is trading 0.16% up at around 0.7230 against the US Dollar during the European session on Wednesday. A separate daily-chart stamp puts AUD/USD at 0.7229.
Gains followed remarks from Reserve Bank of Australia Deputy Governor Andrew Hauser in an ABC interview on Tuesday, as reported via Financial Review: “People want inflation down. People are furious about inflation… What they want us to do is our job and bring inflation down.”
Rabobank notes that the RBA “just saw Hauser give a hawkish speech, which has markets thinking of hikes this month and in November.”
On the upside, the page expects the pair to extend toward the four-year high at 0.7277; the headline frames the approach near 0.7280. Those two four-year-high stamps are quoted separately — not averaged.
The US Dollar is under pressure with investors awaiting US CPI on Friday. Asia’s AUD/USD streak-halt pack is prior tape. Also Wednesday’s gold Asia bounce near $4,340.
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