AUD/USD fades corrective bounce off seven-week low near 0.6800, US PCE Inflation eyed – by anilpanchal7 AUDUSD Inflation RiskAppetite Fed China
Strong US data bolstered hawkish Fed bets and weighed on the risk barometer pair.
As per Thursday’s US data dump, the second reading of the Gross Domestic Product Annualized, better known as Real GDP, eased to 2.7% for the fourth quarter versus 2.9% first forecasts. However, the Personal On the other hand, comments from US Treasury Secretary Janet Yellen signaled that the US will resume discussions with China on economic issues 'at an appropriate time' whereas China’s Commerce Ministry urged the US to create good conditions for trade with China. The news managed to trigger the pair’s bounce off a multi-day low on Thursday.
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