AUD/USD grinds past 0.6700 on mixed Australia trade numbers, RBA, Fed Chair Powell eyed – by anilpanchal7 AUDUSD ForeignTrade RBA Fed RiskAppetite
Australia Trade Balance eased but Imports, Exports improved in January.RBA is up for 0.25% rate hike, Fed Chair Jerome Powell appears before Senate Banking Committee to testify.
Australia’s January monthly Trade Balance came in 11,688M versus 12,500M market forecasts and 12,237M previous readings. The details suggest that the Exports reversed the previous -1.0% with 1.0% growth while Imports rose 5.0% from 1.0% previous readings. It should be observed that softer prints of the second-tier US data, including ISM PMIs, Consumer Confidence and Durable Goods Orders joined comments from Atlantato renew concerns about the policy pivot and weighed on the DXY in the last week, which in turn favored the AUD/USD bulls.
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