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Markets

Australian dollar takes a breather after a solid start to 2026

January 12 2026 4 mins

We've only bedded down one full week of trading in the new year, but it feels like we've had to process a year's worth of consequential news already; most obviously the toppling of Venezuelan President Maduro, unrest in Iran and threats to Greenland's territorial integrity. There's been no let-up today, with Fed Chair Powell announcing that the Fed has been served a grand jury subpoena threatening criminal indictment. The week ahead should be no less lively when it comes to geopolitics, ongoing threats to Fed independence and the data flow. The week ahead is headlined by US Dec CPI and locally, the first read on consumer sentiment in the new year.

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