@sharondacarver

@sharondacarver AUD/USD has extended its recovery early in the New Year as metals, both industrial and precious, continue to surge. The Australian Dollar climbed toward 0.6740 intraday, supported by risk-on sentiment in commodities and growing expectations that the Reserve Bank of Australia may keep monetary policy tighter for longer if inflation proves sticky. That backdrop has lifted the Aussie with markets now squarely focused on tonight's Australian CP| release, which is widely expected to show inflation moderating slightly but still above the RBA's target band, reinforcing the case for a hawkish policy stance.

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