AUD/USD looks to regain 0.6800 amid mixed China news, RBA vs. Fed play, US NFP eyed – by anilpanchal7 AUDUSD RiskAppetite RBA Fed NFP
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After showing an initial disappointment from China’s downbeat growth forecasts, following the softer economic figures in decades, the AUD/USD pair buyers cheer the latest headlines from the National Development and Reform Commission of the People's Republic of China . “Will further release the potential for consumption,” said NDRC while also adding that China's economy steadily improving, per Reuters.
Looking further back, softer prints of the US data and mixed Fed talks joined the US Treasury bond yields’ retreat from the multi-month high to recall the AUD/USD buyers, following a two-week losing streak. Amid these plays, the US 10-year Treasury bond yields, rose to the highest levels since November 2022 in the last week before easing to 3.95% by the end of Friday, making rounds to the same level at the latest. More importantly, the US two-year bond coupons rose to the highest levels last seen in 2008 before retreating to 4.85% by the press time. That said, the S&P 500 Futures print mild gains, tracking Wall Street’s moves amid a light sluggish start to the key week.
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