AUD/USD bulls cross 0.6900 on upbeat Australia inflation, Retail Sales data ahead of China CPI – by anilpanchal7 AUDUSD RetailSales Inflation RiskAppetite Currencies
Australia’s seasonally adjusted Retail Sales grew 1.4% MoM versus 0.6% expected and -0.2% prior while the Monthly Consumer Price Index rose 7.4% compared to -5.7% market forecasts and -3.9% previous readings.
US 10-year Treasury bond yields rose 10 basis points to 3.61%, following a corrective bounce to snap the two-day downtrend marked the previous day. However, the benchmark bond coupons retreat to 3.60% by the press time. The same join the upbeat Wall Street closing to help S&P 500 Futures print mild gains and weigh on the US Dollar’s safe-haven demand.
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