AUD/USD hovers around 0.6800 post S&P Global PMIs, ISM PMIs eyed – by christianborjon AUDUSD Majors Macroeconomics Sentiment
Risk aversion emerges as Wall Street opens, and the greenback stays strongremains strong, putting a lid on the major. Talks between US and China policymakers earlier in the week appear to ease tensions between both countries. In fact, US President Joe Biden is assessing lifting some tariffs on Chinese goods and services imposed by the Trump administration.
Those factors mentioned above, alongside tumbling Iron Ore prices, might keep the AUD/USD under pressure. In the meantime, the US Dollar Index, a gauge of the greenback’s value against a basket of peers, rises 0.44% to 106.969, a headwind for the AUD/SD. Further downward action is expected unless AUD/USD traders reclaim the 0.6900 figure.
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