AUD/USD retreats from one-month high to 0.6650 as growth fears jostle with RBA hawks – by anilpanchal7 AUDUSD RiskAversion Growth RBA Fed
ut the Reserve Bank of Australia join growth fears to challenge the Aussie bulls. With this, the risk-barometer pair stays clueless amid the early hours of Thursday’s Asian session, after snapping a four-day uptrend the previous day.
That said, China’s headline Trade Balance deteriorates to $65.81 billion versus the $92.0 billion expected and $90.21 billion previous readings. That said, the Exports and Imports came in mixed with the former falling past -0.4% expected and 8.5% previous readings to -7.5% YoY whereas the latter improves to 2.3% from -0.8% market forecasts and 4.2% prior. On the other hand, Aussie Q1 GDP rose 0.2% QoQ compared to 0.5% previous readings and 0.3% market forecasts.
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