AUD/USD clings to mild losses below 0.6700 as China-inflicted risk aversion fades amid illiquid markets – by anilpanchal7 AUDUSD China RBA Fed Inflation
. In doing so, the Aussie pair fails to justify the escalating geopolitical tension between the US and China.
As per the latest data from the US Bureau of Labor Statistics , the Nonfarm Payrolls rose by 236K in March, the lowest since January 2021 , versus 240K expected and 326K prior. Further, the Unemployment Rate eased to 3.5% versus 3.6% prior while the Labor Force Participation Rate improved to 62.6% from 62.5%. Finally, annual wage inflation, per the Average Hourly Earnings, dropped to 4.2% from 4.6%, versus market forecasts of 4.3%.
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