AUD/USD flat-lines below 0.6700 mark, eyes US macro data for a fresh impetus – by hareshmenghani AUDUSD Fed Bonds RBA Currencies
g into the North American session on Friday. The pair, however, trades just a few pips below its highest level since February 24 touched on Thursday and is currently placed around the 0.6770-0.6775 area, nearly unchanged for the day. bounce from a one-year low touched earlier this Friday is seen as a key factor acting as a headwind for the AUD/USD pair.
Market participants now look forward to the US economic docket, featuring the release of monthly Retail Sales figures and the Preliminary Michigan Consumer Sentiment Index. This, along with the US bond yields and the broader market risk sentiment, might influence the USD price dynamics and provide some impetus to the AUD/USD pair. Nevertheless, spot prices remain on track to register strong weekly gains.
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