AUD/USD holds steady above mid-0.6600s amid positive risk tone, weaker USD – by hareshmenghani AUDUSD RiskAppetite Fed Inflation Currencies
A generally positive risk tone undermines the safe-haven USD and benefits the risk-sensitive Aussie.The AUD/USD pair sticks to its intraday gains through the early part of the North American session and is currently placed around the 0.6660-0.6655 region, up nearly 0.25% for the day. meets with some supply and stalls a four-day-old recovery trend from over a two-month low touched last week, which, in turn, is seen pushing the AUD/USD pair higher.
Traders also seem reluctant to place aggressive bets ahead of the release of the latest US consumer inflation figures and the FOMC meeting minutes on Wednesday. Investors this week will also confront the release of monthly jobs data from Australia on Thursday, followed by the US monthly
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