AUD/USD bulls take a breather around 0.6750 as downbeat China data joins holiday mood

AUD/USD bulls take a breather around 0.6750 as downbeat China data joins holiday mood – by anilpanchal7 AUDUSD RiskAppetite China Fed Currencies

shed downbeat China data. However, cautious optimism in the market joins the receding hawkish bias from the Federal Reserve to keep the pair buyers hopeful.It’s worth noting, however, that the People’s Bank of China’s heavy liquidity injections keep the market sentiment firmer despite the downbeat data. That said, the Chinese central bank injected the most funds in two months during the last week.

The news joined geopolitical fears emanating from Russia and North Korea to portray cautious optimism in the market. As a result, S&P 500 Futures rise 0.60% intraday to 3,892 whereas the US 10-year Treasury yields remain sluggish at around 3.74% by the press time. Alternatively, geopolitical fears emanating from Russia and North Korea challenge the Aussie pair buyers amid the year-end inaction in the markets.

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