AUD/USD steadies around 0.6750 ahead of Aussie employment data, US Retail Sales – by anilpanchal7 AUDUSD RiskAppetite Inflation Employment RetailSales
, the previous day. Even so, the risk appetite improved a bit, or say consolidated, due to the traders’ search for fresh implications.
With the mixed data for inflation, market players struggled to carry the previous day’s hawkish bias for the Fed, despite expecting either 0.75% or a full 1.0% rate hike by the US central bank in the next week’s Federal Open Market Committee . Amid these plays, the Wall Street benchmarks printed mild gains while the Treasury yields retreated from the multi-day high, posting mild losses at the end.
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