AUD/USD: Corrective pullback fades around 0.6900, Taiwan, US inflation in focus – by anilpanchal7 AUDUSD Inflation RiskAppetite China Fed
ion. That said, the Sino-American tension over Taiwan joins recently hawkish bets over the Fed appear to challenge the pair buyers, due to its risk barometer status. However, recently firmer trade data from China appeared to have favored the Aussie pair.
The risk-off mood gained major strength from Friday’s strong US employment report for July. That said, the headline Elsewhere, the escalation in the US-China tussles surrounding Taiwan keeps the traders on their toes while also supporting the US dollar’s safe-haven demand. Reuters came out with the news suggesting that China is up for ‘regular’ military drills east of the Taiwan Strait median line. That said, the dragon nation’s Foreign Ministry announced on Friday that they will sanction US House of Representative Speaker Nancy Pelosi over the Taiwan visit.
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