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AUD/USD clings to 0.6975 as investors await China trade balance
Chopped between the greenback weakness and disturbing signs for the trade deal concerning largest customer China, AUD/USD seesaws near 0.6975 amid initial Asian trading on Friday. The USD continues to be on a back foot, despite upbeat inflation numbers, as the US Federal Reserve policymakers, including the Chairman Jerome Powell, hold their bearish bias towards monetary policy easing. The global markets cheer easy monetary policy with Wall Street mostly holding their latest flight and the US 10-year treasury yield surging to a month’s high. However, additional challenges to the US-China trade deal were raised by the ... (full story)