AUD/USD probes bears around 0.6350 on upbeat China GDP, US PMIs eyed – by anilpanchal7 AUDUSD RiskAppetite China GDP CentralBanks
uring early Monday. However, sour sentiment, volatile markets and pessimism surrounding Australia seem to challenge the Aussie pair buyers.
It should, however, be noted that fears over Australian government will downgrade growth forecasts in the upcoming budget update joined the hawkish Fed bets and geopolitical fears surrounding China to weigh on the AUD/USD prices of late. Even so, S&P 500 Futures print 0.50% intraday gains while the US 10-year Treasury yields remain offered around 4.19%, extending Friday’s losses from the 14-year high.
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