AUD/USD finds some support above the 0.6500 mark, Australian CPI data eyed
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AUD/USD trades on a weaker note near 0.6512 in Monday’s early Asian session. The US Federal Reserve (Fed) policymakers indicated that they will be in a position to cut interest rates when they have confidence that inflation is progressing towards the 2.0% target. China's Premier Li Qiang said on Sunday that the nation’s low inflation and low central government debt ratio means there is ample room for macro policy. The Australian February CPI inflation data and US Q4 GDP numbers will be in the spotlight this week. Market players will keep an eye on the Australian CPI inflation data on Wednesday, which is expected to show an increase of 3.6% YoY in February from 3.4% in the previous reading. On Thursday, the Australian February Retail Sales and the US GDP growth numbers for Q4 will be released.
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