AUD/USD prints three-day downtrend below 0.7100 on mixed mood, softer Aussie Capex, US GDP eyed By anilpanchal7 AUDUSD RiskAppetite Ukraine China Growth
Australia’s Private Capital Expenditure data for the first quarter of 2022 slumped to -0.3% versus 1.5% expected and 1.1% prior.
It’s worth noting that fears of global recession due to the Ukraine-Russia crisis, recently backed by World Bank President David Malpass also drag AUD/USD prices. "Russia's war in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global recession," said World Bank's Malpass on Wednesday during an event hosted by the U.S. Chamber of Commerce.
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