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Weekly FX Chartbook: US CPI and US-China trade tensions on the radar

Forex 5 minutes to read
Charu Chanana
Charu Chanana

Chief Investment Strategist

Key points:

  • USD: Downside risks from softer CPI surprise could be offset by tariff risks
  • EUR: 1.08 in focus if US core CPI is below 0.4% MoM
  • JPY: Bulls could be in action if US inflation slows
  • GBP: Softer jobs data can fuel dovish repricing
  • AUD: Upside from budget announcement and US CPI could be compromised by softer jobs and China risks
  • CNH: China’s easing expectations and tariff risks will strengthen yuan bears

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