AUD/USD seesaws at the weekly high around 0.6480 after posting the stellar run-up on downbeat US data. It’s worth noting that the hawkish comments fro
m Reserve Bank of Australia Governor-Designate Michelle Bullock also favor the Aussie pair buyers as markets brace for the key Australia inflation data on early Wednesday.
On the other hand, the US Conference Board's Consumer Confidence Index slumped to 106.10 for August from a downwardly revised 114.00 prior , versus 116.0 market forecasts. That said, the US JOLTS Job Openings slumped to the lowest since March 2021, to 8.827M for July versus 9.465M expected and 9.165M prior . Additionally, the US Housing Price Index eased to 0.3% MoM for June from 0.7% prior and 0.2% while the S&P/Case-Shiller Home Price Indices improved to -1.2% YoY from -1.
It’s worth noting, however, that a lack of impressive updates from the US-China talks in Beijing and fears of the International Monetary Fund’s pause to the easy-lending prod the AUD/USD bulls, apart from the pre-data anxiety.
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