AUD/USD Rally Evaporates Ahead of Crucial 4Q CPI Data -- Market Talk

Dow Jones

Jan 28, 2025

0450 GMT - The recent rally in AUD/USD has evaporated in the early stages of this holiday-shortened week, with the pair falling victim to weak Chinese PMI data released on Monday, says Tony Sycamore, market analyst at IG Australia. Risk aversion due to the emergence of a new low-cost artificial intelligence model by Chinese company DeepSeek that has raised questions about U.S. AI dominance and tech stock valuations is also a factor, he says. The more immediate driver of the AUD/USD will be Wednesday's CPI data for 4Q 2024, which will determine whether the Reserve Bank of Australia will cut interest rates in February for the first time since November 2020, or stay on hold at 4.35%, Sycamore adds. AUD/USD is at 0.6247, down from 0.6314 late Friday. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

January 27, 2025 23:50 ET (04:50 GMT)

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Risk aversion due to the emergence of a new low-cost artificial intelligence model by Chinese company DeepSeek that has raised questions about U.S. AI dominance and tech stock valuations is also a factor, he says. The more immediate driver of the AUD/USD will be Wednesday's CPI data for 4Q 2024, which will determine whether the Reserve Bank of Australia will cut interest rates in February for the first time since November 2020, or stay on hold at 4.35%, Sycamore adds. AUD/USD is at 0.6247, down from 0.6314 late Friday. (james.glynn@wsj.com; @JamesGlynnWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 27, 2025 23:50 ET (04:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AUD/USD Rally Evaporates Ahead of Crucial 4Q CPI Data -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAUD/USD Rally Evaporates Ahead of Crucial 4Q CPI Data -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-28 12:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0450 GMT - The recent rally in AUD/USD has evaporated in the early stages of this holiday-shortened week, with the pair falling victim to weak Chinese PMI data released on Monday, says Tony Sycamore, market analyst at IG Australia. Risk aversion due to the emergence of a new low-cost artificial intelligence model by Chinese company DeepSeek that has raised questions about U.S. AI dominance and tech stock valuations is also a factor, he says. The more immediate driver of the AUD/USD will be Wednesday's CPI data for 4Q 2024, which will determine whether the Reserve Bank of Australia will cut interest rates in February for the first time since November 2020, or stay on hold at 4.35%, Sycamore adds. AUD/USD is at 0.6247, down from 0.6314 late Friday. (james.glynn@wsj.com; @JamesGlynnWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 27, 2025 23:50 ET (04:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0426417589.USD","symbol_name":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2506550473","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506550473","pubTimestamp":1738039800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0450 GMT - The recent rally in AUD/USD has evaporated in the early stages of this holiday-shortened week, with the pair falling victim to weak Chinese PMI data released on Monday, says Tony Sycamore, market analyst at IG Australia. Risk aversion due to the emergence of a new low-cost artificial intelligence model by Chinese company DeepSeek that has raised questions about U.S. AI dominance and tech stock valuations is also a factor, he says. The more immediate driver of the AUD/USD will be Wednesday's CPI data for 4Q 2024, which will determine whether the Reserve Bank of Australia will cut interest rates in February for the first time since November 2020, or stay on hold at 4.35%, Sycamore adds. AUD/USD is at 0.6247, down from 0.6314 late Friday. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","BK4125":"广播","USD":"ProShares Ultra Semiconductors","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC"},"translate_title":"澳元/美元涨势在关键的第四季度CPI数据公布之前消失——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AUD":1,"USD":1,"AUDUSD.FOREX":1},"content_text":"0450 GMT - The recent rally in AUD/USD has evaporated in the early stages of this holiday-shortened week, with the pair falling victim to weak Chinese PMI data released on Monday, says Tony Sycamore, market analyst at IG Australia. Risk aversion due to the emergence of a new low-cost artificial intelligence model by Chinese company DeepSeek that has raised questions about U.S. AI dominance and tech stock valuations is also a factor, he says. The more immediate driver of the AUD/USD will be Wednesday's CPI data for 4Q 2024, which will determine whether the Reserve Bank of Australia will cut interest rates in February for the first time since November 2020, or stay on hold at 4.35%, Sycamore adds. AUD/USD is at 0.6247, down from 0.6314 late Friday. (james.glynn@wsj.com; @JamesGlynnWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 27, 2025 23:50 ET (04:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}