AUD/USD retreats towards 0.6900 despite upbeat Aussie PMI data, RBA Minutes eyed – by anilpanchal7 AUDUSD RiskAppetite PMI RBA Fed
ck moves could be the return of the full markets, as well as the geopolitical fears. Furthermore, the cautious mood ahead of the Reserve Bank of Australia’s Monetary Policy Meeting Minutes also weakens the risk-barometer pair. That said, the Aussie pair retreats to 0.6910 at the latest, following the previous day’s run-up to 0.6920.Manufacturing PMI
Even so, the AUD/USD pair failed to cheer the upbeat data and retreated to 0.6910 following the release. On Monday, AUD/USD managed to remain firmer amid hopes of more stimulus from China, after the People’s Bank of China left its monetary policy unchanged. Also seemed to have helped the pair buyers could be the last round of Federal Reserve talks that came in slightly offbeat, not to forget the President’s Day holiday in the US.
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