AUD/USD looks to regain 0.6800 amid mixed China news, RBA vs. Fed play, US NFP eyed – by anilpanchal7 AUDUSD RiskAppetite RBA Fed NFP
US Dollar
After showing an initial disappointment from China’s downbeat growth forecasts, following the softer economic figures in decades, the AUD/USD pair buyers cheer the latest headlines from the National Development and Reform Commission of the People's Republic of China . “Will further release the potential for consumption,” said NDRC while also adding that China's economy steadily improving, per Reuters.
Looking further back, softer prints of the US data and mixed Fed talks joined the US Treasury bond yields’ retreat from the multi-month high to recall the AUD/USD buyers, following a two-week losing streak. Amid these plays, the US 10-year Treasury bond yields, rose to the highest levels since November 2022 in the last week before easing to 3.95% by the end of Friday, making rounds to the same level at the latest. More importantly, the US two-year bond coupons rose to the highest levels last seen in 2008 before retreating to 4.85% by the press time. That said, the S&P 500 Futures print mild gains, tracking Wall Street’s moves amid a light sluggish start to the key week.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
AUD/USD, coiled and it gives us plenty of risk events this week, including the RBAThe Australian dollar is taking its cues from sentiment surrounding the Federal Reserve, robust US data, local economic data and while also looking to
Lire la suite »
AUD/USD Price Analysis: Pullback from 50-EMA highlights 0.6720 supportAUD/USD prints mild losses around the mid-0.6700s as bulls take a breather following the first weekly gain in three during early Monday. In doing so,
Lire la suite »
China's defence spending increases have been 'reasonable' - parliament spokesmanChina's defence spending as a share of gross domestic product has been kept basically stable for many years, with the increases 'moderate' and 'reasonable', the spokesman of the country's parliament said on Saturday.
Lire la suite »
Sen. Ron Johnson: The 'cover-ups' by Dr. Fauci and China have to endWisconsin Sen. Ron Johnson says any new intelligence on COVID's origins from China 'ought to be shared with the members of Congress.'
Lire la suite »
Prestige Brands to Lead China’s Beauty Market Growth in 2023Last year, the top five prestige skin care brands in terms of sales growth on Tmall, Taobao and Douyin combined were Chanel, Guerlain, Sisley, La Mer and Helena Rubinstein.
Lire la suite »
China parliament to review state entity reform plan, Legislative LawChina's National People's Congress (NPC) will deliberate on a plan to reform institutions under the State Council, or cabinet, and review draft amendments to the Legislation Law, an NPC spokesman said on Saturday.
Lire la suite »