AUD/USD bears eye 0.6540 support on downbeat China inflation, US President Biden’s tax proposal – by anilpanchal7 AUDUSD China Inflation RiskAppetite Fed
rom Australia’s key customer China came in softer for February. Adding strength to the downside bias could be the risk-off mood and hawkish Federal Reserve bets versus the dovish tone of Reserve Bank of Australia Governor.
Apart from the downbeat Chinese inflation numbers, the market’s risk-off mood also seems to weigh on the AUD/USD price, mainly due to the pair’s risk-barometer status.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD holds lower ground near multi-day low below 0.6600 ahead of China inflationAUD/USD holds its place on the bear’s radar, after an initial attempt to leave the zone, as it stays depressed near 0.6590 amid early Thursday morning
Read more »
AUD/USD looks vulnerable near 0.6600 as US labor market solidifies further, China CPI eyedThe AUD/USD pair is displaying a back-and-forth action below the round-level resistance of 0.6600 in the Asian session. The Aussie asset looks vulnera
Read more »
AUD/USD falls heavily as bears move in towards the 0.6580s target areaRisk assets are under immense pressure on Tuesday which is weighing on the high beta currencies such as the Australian Dollar. AUD is down a whopping
Read more »
AUD/USD Price Analysis: Bears appear well-set to approach 0.6540 supportAUD/USD bears keep the reins at a four-month low, making rounds to 0.6580-90 during early Wednesday, following the biggest daily slump in a month. Tha
Read more »
AUD/USD Price Analysis: Bears eye a break to 0.6520As per the prior analysis, AUD/USD falls heavily as bears move in towards the 0.6580s target area, AUD/USD moved in on the target and holds within the
Read more »
When is the RBA Interest Rate Decision and how could it affect AUD/USD?After announcing consecutive nine rate increases so far, the Reserve Bank of Australia (RBA) is up for another hawkish monetary policy outcome, despit
Read more »