The AUD/USD pair falls 0.62% as US economic data remains strong, while weaker-than-expected Chinese data weighs on the Australian Dollar.Hawkish remarks from Federal Reserve officials and concerns over “unacceptably high inflation” keep the US Dollar well-supported in the North American session. The Reserve Bank of Australia minutes show potential for …
Read More »AUD/USD hovers around 0.6950s ahead of RBA Lowe’s speech
The AUD/USD begins the week on the right foot, with 0.25% gains. The positive market sentiment due to China’s covid-linked news and the US weighing lifting restrictions on China’s increased appetite for riskier assets.Amid this positive sentiment, US equity futures closed earlier due to a holiday. That, alongside China’s Covid-19 …
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