AUD/USD looks to regain 0.6700 as upbeat Aussie data, barley deal joins US Dollar retreat – by anilpanchal7 AUDUSD RiskAppetite ForeignTrade Fed Macroeconomics
atest recovery from a three-week low to 0.6670 heading into Tuesday’s European session. Not only the price-positive factors surrounding Australia but the overall improvement in theThat said, Australia’s Westpac Consumer Confidence for April rallied to the highest levels since June 2022, printing 9.4% figure versus 0.8% expected and 0.0% prior. Further, the National Australia Bank’s Business Conditions matched thefigure of 16.0, versus 17.0 prior, whereas NAB Business Confidence eased to -1.
Apart from mostly upbeat Aussie data, headlines from Reuters suggesting an end of the trade dispute between Australia and China over barley exports also seemed to have favored the AUD/USD prices.
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