-
AUD/USD bounce off six-month low towards 0.6550 on US Dollar’s retreat, ignores Aussie data
AUD/USD prints the first daily gain in four as it rebounds from the yearly low to 0.6515 heading into Friday’s European session. In doing so, the Aussie pair pays little heed to the downbeat Australian data while cheering the US Dollar’s pullback. Australia's Retail Sales growth dropped to 0.0% in April versus 0.2% market forecasts and 0.4% prior. It should be noted that the US Dollar Index (DXY) retreats from a 2.5-month high to 104.17 by the press time as US policymakers’ inability to clinch a deal on the US debt ceiling extension contrasts with the chatters suggesting a $70.0 billion gap left to be filled by ... (full story)