AUD/USD struggles around 0.7180 despite upbeat China trade data, US Inflation eyed

AUD/USD is facing barricades around 0.7180 ahead of the US CPI. Upbeat China’s trade data has failed to cheer the aussie bulls. The DXY is trading vulnerable amid uncertainty over the US inflation, consensus indicates a stable figure. The AUD/USD pair has displayed a subdued performance in the Asian session and is expected to showcase … Read more

AUD/USD keeps range around 0.7180 on upbeat China trade data

AUD/USD has rebounded to near 0.7180 on better-than-expected Chinese trade data Aussie bulls are underperforming despite the 50 bps rate hike announcement by the RBA. The DXY is expected to resume its upside journey amid uncertainty ahead of the US inflation. The AUD/USD pair has attempted to overstep 0.7180 as China’s National Bureau of Statistics … Read more