AUD/USD defends 100 DMA amid China-Taiwan woes, ahead of US inflation

AUD/USD is trading modestly flat below 0.7000, struggling for a clear directional move amid a cautious risk tone, broad US dollar weakness and rising
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USD to reverse back lower on a big downside surprise in CPI report – MUFG

Markets remain calm ahead of Wednesday's US inflation data. A big downside surprise would be required to fuel a more meaningful reversal of US dollar
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