AUD/USD: Corrective bounce off 0.6600 appears elusive ahead of US NFP – by anilpanchal7 AUDUSD NFP RiskAversion China Fed
ie pair dropped in the last two consecutive days while refreshing the weekly low on Thursday. In doing so, the risk-barometer pair aptly justifies the market’s sour sentiment while also taking clues from upbeat US data and hawkish Fed bets as the top-tier US jobs report looms.bets while China-linked headlines aren’t impressive.
It’s worth noting that China witnesses a heavy outflow of funds amid fresh fears emanating from the housing giants, including government-backed organizations. Adding strength to the downbeat mood could be the recently softer activity data from Beijing and the US-China trade war, not to forget the cautious mood as US Treasury Secretary Janet Yellen is in the dragon nation.paused its two-time rate hike trajectory but showed readiness for further rate increases.
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