AUD/USD drops towards 0.6900 amid offbeat mood ahead of US/Aussie data By anilpanchal7 AUDUSD Macroeconomics RBA Fed Recession
ssie pair justifies downbeat data at home, disappointment from China and receding hopes of the Reserve Bank of Australia’s aggression ahead of the key US and Australia statistics.
Moving on, China’s National Development and Reform Commission Vice Head mentioned that China will not resort to flood-like stimulus. The policymaker also said, “China faces new challenges in stabilizing jobs, prices due to covid, Ukraine crisis.”
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