AUD/USD bears attack 0.6650 on strong US Dollar, Australia Wage Price eyed – by anilpanchal7 AUDUSD RiskAversion Employment RBA Politics
ains the previous day. The Aussie pair’s latest inaction may also be linked to the cautious mood ahead of the key Aussie wage data, as well as receding fears of the US default. However, hawkishtalks and strong US data, as well as an absence of a strong message suggesting a US debt ceiling extension prod the Aussie bulls.
Following the news, Reuters quotes the S&P Global Market Intelligence data while marking a fall in the one-year US Credit Default Swap spreads from 164 basis points to 155 bps. “Spreads on five-year CDS decreased to 69 basis points from 72 bps on Monday,” reported the news.improved to 0.4% MoM for April, from -0.7% prior versus 0.7% expected. More importantly, Retail Sales Control Group for the said month crossed market forecasts of 0.0% and -0.4% prior with 0.
. On the same line, Cleveland Fed President Loretta Mester said, “I don’t think we're at that hold rate yet.”Meeting Minutes showed the policymakers’ accord to the hawkish surprise even as some of the floors cited easing inflation fears and discussed policy pivot. Furthermore, downbeat data from China, Australia’s biggest consumer, also weigh on the AUD/USD price.
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