
AUD/USD Shorts Bear the Brunt of Hot CPI, Renewed RBA Hike Bets
Hot Australian CPI revives RBA hike bets, lifts bond yields and adds fresh pressure to crowded AUD/USD short positions.
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Hot Australian CPI revives RBA hike bets, lifts bond yields and adds fresh pressure to crowded AUD/USD short positions.

Near the end of the trading week, one of the most relevant moves in the FX market has been the Japanese yen’s neutrality, even after the release of the US PCE inflation data. After the data was published, USD/JPY did not register a significant move, with price action staying close to 0.05%, reinforcing a phase of short-term indecision.

The trading week continues, and so far, gold is once again showing clear short-term weakness. During the session, the price is down more than 2.00%, while selling pressure has returned shortly after today’s Federal Reserve decision and comments.

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The trading week is almost over, and one of the main factors still standing out is the lack of strength in the Japanese yen. So far, USD/JPY has remained mostly neutral, moving by only around 0.1% over the last two sessions, without showing a clear recovery from the Japanese currency.

The trading week is almost over and, for now, one of the most relevant factors is the indecision that has developed around EUR/USD in recent sessions. The pair has barely moved, posting a variation of around 0.2% over the last three sessions, reflecting a lack of clear short-term direction.

With the close of April, the overall behavior of the cryptocurrency market has been defined by a phase of indecision and weakness, influenced by the recent wave of central bank interest rate decisions across global markets.

The past few sessions have been marked by consistent weakness in Bitcoin price action. The cryptocurrency has posted a decline of more than 3.00% on average over the last three trading sessions.

As the trading week progresses, GBPUSD has shown a decline of around 0.4%, with weakness in the pound and strength in the U.S. dollar.

It has been a challenging week for Dow Jones price action, as the index has lost value consistently over the last two trading sessions, declining by more than 2.4%, which has led to the emergence of a new short-term bearish bias.

The week begins with a new depreciation in USD/MXN of -0.71% during the session, favoring the Mexican peso and attempting to reestablish a consistent bearish bias. For now, selling pressure has re-emerged in the short term following the release of relevant inflation data for February in Mexico.

USD/MXN is on track to close the session with gains of more than 0.85% in favor of the U.S. dollar, as markets await the Banco de México (Banxico) monetary policy decision, scheduled for February 5.

Over the past five trading sessions, USD/MXN has maintained a consistent bearish bias in favor of the Mexican peso, accumulating a decline of more than 1%. The current selling pressure is driven, on one hand, by the structural weakness of the U.S. dollar, which has allowed the peso to continue strengthening; and on the other hand, by the proximity of Banxico’s final rate decision of the year, where guidance for 2026 monetary policy will be revealed.
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