AUD/USD, GBP/USD, and GBP/AUD Trades After CPI, Jobs Data
- AUDUSD jumps on strong 4Q'13 CPI.
- GBPUSD benefits from impressive November and December labor data.
- GBPAUD stuck in range A$1.8500-1.8750.
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Price pressures are heating up in Australia and the UK labor market is surging, giving both the AUDUSD and GBPUSD a lift today. Both the AUDUSD and GBPUSD are at inflection points. This also opens up the door for a potential turning point in GBPAUD.
--- Written by Christopher Vecchio, Currency Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.