Australian dollar fell below the parity with the greenback ahead of the Bank of England’s inflation report that will be released at 1030 GMT and may stimulate moves toward interest rate hike in the UK.

The outlook for Aussie seems to be mixed as the impact dovish comments heard yesterday from the Reserve Bank of Australia is confronted by the influence of rising commodity prices. As a result, the pair AUD/USD is likely to stay in its current range.



Chart. H4 AUD/USD

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