AUD/USD grinds above 0.6700 as Australia GDP, China/US PMI loom – by anilpanchal7 AUDUSD PMI GDP RiskAppetite Fed
details. Adding strength to early Wednesday’s cautious mood are the official activity numbers from China.
That said, the US Conference Board’s Consumer Confidence dropped for the second consecutive month to 102.9 versus 106.0 prior while US Housing Price Index drops 0.1% in December versus -0.6% market forecasts and -0.1% prior. On the same line, the S&P/Case-Shiller Home Price Indices grew 4.6% YoY during the said month compared to 6.1% market expectations and 6.8% previous readings. Furthermore, Chicago Purchasing Managers’ Index for February eased to 43.6 from 44.3 previous readings and 45.
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