AUD/USD bears eye 0.6700 amid inflation woes, Aussie Employment, RBA’s Lowe eyed – by anilpanchal7 AUDUSD RBA Inflation Fed RiskAppetite
as weighing on the Aussie pair prices, are the tensions surrounding the US-China ties. With this, the quote holds lower ground near 0.6730 after declining the most in 2.5 years the previous day. for August rose past 8.1% market forecasts to 8.3% YoY, versus 8.8% prior regains. The monthly figures, however, increased to 0.1%, more than -0.1% expected and 0.0% previous readings. The core CPI, means CPI ex Food & Energy, also crossed 6.1% consensus and 5.9% prior to print 6.
It should be noted that the yield inversion also widened after US inflation data and propelled the recession woes, which in turn drowned the AUD/USD prices due to the pair’s risk-barometer status. That said, the US 10-year Treasury yields rallied to 3.412% and those for 2-year bonds increased to 3.76% following the data, around 3.41% and 3.745% respectively at the latest.
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