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AUD/USD awaits FOMC minutes - Scotiabank

FXStreet (Guatemala) - Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained conditions surrounding AUD/USD.

Key Quotes:

"Domestically, the outlook for policy remains biased to easing, with OIS pricing a roughly 95% chance of a 25bpt rate cut over the next 12 months.

We see an elevated risk to AUD and risk assets in general as we look to the coming release of Fed minutes, providing for a potential retracement of the recent AUD rally."

USD/JPY having a look in at 120 level before FOMC minutes

USD/JPY is currently trading at 119.85 with a high of 120.11 and low of 119.61.
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