AUD/USD licks its wounds at two-month low around mid-0.6500s ahead of key Australia, US data – by anilpanchal7 AUDUSD RiskAversion PMI Employment RetailSales
AUD/USD portrays corrective bounce after falling heavily in the last two consecutive days to refresh a multi-week low.
Australia Retail Sales, Trade Balance and a slew of activity/employment clues from China and US eyed for clear directions.prints mild gains around 0.6540 amid the initial Asian session on Thursday as it consolidates the recent losses after falling heavily in the last two consecutive days to the lowest levels since early June.
On Wednesday, Australia’s AiG Industry Index for June slumped to -14.7 from -11.9 whereas AiG Manufacturing PMI for the said month nosedived to -25.6 from -19.8 previous readings. That said, Australia’s S&P Global Composite PMI edges lower to 48.2 for July from 48.3 while the Services PMI eases to 47.9 from 48.0.
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