AUD/USD Faces Selling Pressure Ahead of Chinese Data Release
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#5acfe72f ver:0.76

#AUDUSD faces selling pressure ahead of Chinese data release. Recovery of #USD provides support. Investors await Chinese and US economic data, including NY Empire State Manufacturing Index. Expectations of Fed rate cut in Sept may limit USD upside, creating favorable environment for #AUD. UBS expects RBA rate hike in Aug. Weak Chinese data could put downward pressure on Aussie. #forex...

#newstr #Aud/usd #ChineseData #UsDollar #FederalReserve #Inflation #ReserveBankOfAustralia #GrossDomesticProduct #IndustrialProduction #RetailSales 

 https://here.news/story/5acfe72f?ver=0.76