AUD/USD fades corrective bounce near 0.6550 as China inflation flags mixed signals – by anilpanchal7 AUDUSD China Inflation RiskAversion Currencies
China CPI slumps to -0.3% YoY, PPI improves to -4.4% YoY for July.
remains sidelined near the intraday high surrounding 0.6550 as China inflation data flashes mixed signals during early Wednesday. In doing so, the Aussie pair defends the late Tuesday’s corrective bounce off the lowest levels in two months as the market stabilizes after a volatile day.
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