AUD/USD eases towards 0.6600 with eyes on RBA Interest Rate Decision – by anilpanchal7 AUDUSD RBA RiskAversion Fed InterestRate
The Aussie pair began the week on a firmer footing despite mixed data at home and in China. However, hopes of overcoming immediate challenges to thefrom the First Republic Bank , which was finally dealt with, helped the risk barometer pair to remain firmer.
At home, Australia’s S&P Global Manufacturing PMI for April eased to 48.1 versus 48.0 prior while TD Securities Inflation eased to 0.2% on MoM for the said month from 0.3% but improved to 6.1% YoY from 5.7% previous. On the other hand, US ISM Manufacturing PMI improved to 47.1 for April versus 46.3 prior and 46.6 market forecasts while the S&P Global Manufacturing PMI for the said month eased to 50.2 versus 50.4 first estimations.
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