The Australian Dollar (AUD) trims some of its losses against the US Dollar (USD) after falling to a daily low of 0.6461 ahead of the London fix, while
the Greenback gives back some of its earlier gains. Traders booking profits ahead of market-moving data from the United States is the main reason behind the recent US Dollar weakness. The AUD/USD is trading at 0.6474, flat in the day.The financial markets remain quiet so far, past the mid-New York session. The economic agenda in the US spurred some volatility in the early trading session, courtesy of the latest inflation report. The Fed’s preferred gauge for inflation, the Personal, was 3.
in the labor market during the week, as job openings plummeted, while private hiring disappointed analysts., which measures the buck’s value against a basket of six currencies, rises by 0.41%, at 103.606. US Treasury bond yields dropped In the week ahead, the Australian economic docket will feature S&P Global Manufacturing PMI for August. On the US front, the economic agenda is set to be busy, highlighted by the release ofAUD/USD Price Analysis: Technical outlook
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