AUD/USD recovers as weaker US GDP sparks US yields drop
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#acbb1c95 ver:0.89

The Australian Dollar (AUD) recovered against the US Dollar (USD) as weaker US GDP data led to a drop in US Treasury yields. The AUD appreciated after higher-than-expected CPI data, potentially prompting the RBA to consider another rate hike. The AUD/USD pair pulled back due to strong US consumer confidence and a drop in the Australian CPI. Near-term trends for AUD/USD could hinge on US labor market data and inflation numbers. The AUD may limit losses due to an increase in Australian 10-year Government Bond Yield. The AUD might gain ground as China lifts bans on Australian beef shipments. The AUD/USD trades at 0.6632, following gains of 0.35%. #AUD #USD #GDP #CPI #RBA #USLaborMarket #Inflation #China #Beef #BondYield...

#newstr #Aud/usd #UsGdp #UsYields #AustralianDollar #UsDollar 

 https://here.news/story/acbb1c95?ver=0.89