AUD/USD: Strong yields keep bears hopeful of testing 0.6480 support, US data eyed – by anilpanchal7 AUDUSD RiskAversion Inflation China Currencies
ussie pair refreshed the weekly high to near 0.6620 after the US inflation data initially triggered the US Dollar’s slump and helped Antipodeans rise. However, a second reading of the same and a slew of Fed policymakers’ efforts to cheer the victory against the US inflation raised doubts about the US data, which in turn joined a jump in the Treasury bond yields to drown the Aussie pair during late Thursday.
Elsewhere, the US Initial Jobless Claims rose to 248K for the week ended on August 04 versus 230K expected and 227K prior while Continuing Jobless Claims softened to 1.684M from 1.692M , versus 1.71M market forecasts.
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