AUD/USD bulls again approach 0.6800 ahead of Aussie Consumer Inflation Expectations, China CPI – by anilpanchal7 AUDUSD Inflation RiskAppetite China Currencies
Market sentiment remains mildly positive amid softer US inflation, China-linked mixed clues.
AUD/USD resumes run-up to prod the 0.6800 round figure for the fourth time since early March as markets turn cautiously optimistic after downbeat US inflation and positive vibes from China. However, anxiety ahead of the inflation clues from Australia and China, up for publishing around 01:00 and 01:30 AM GMT, can challenge the Aussie pair buyers during early Thursday.
Following the data, Fed funds futures traders are pricing in a pause before expected rate cuts in September, per Reuters. On a different page, Australian Treasurer Jim Chalmers was quoted showing readiness to establish more cordial relations with China while praising Australia’s latest annual budget released the previous day.
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