AUD/USD tracks mildly bid S&P 500 Futures to refresh intraday top above 0.7700

AUD/USD tracks mildly bid S&P 500 Futures to refresh intraday top above 0.7700NEWS |
5/5/2021 12:51:23 AM GMT
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By Anil Panchal
AUD/USD consolidates the previous day’s heavy losses that probed mid-April lows.
Market sentiment recovers amid quiet macros, off in key Asian bourses following mixed updates from US.
Covid woes battle vaccine developments, mixed second-tier Aussie data.
AUD/USD refreshes intraday high to 0.7723, up 0.18% on the day, amid early Wednesday. In doing so, the Aussie pair benefits from the recent run-up in S&P 500 Futures, actually corrective pullback, as scheduled economics from the Oz nation flash mixed signals.
S&P 500 Futures gains 0.11% on a day after the Wall Street benchmarks were mostly drowned by the technology shares sell-off and talks over further taxes in multinational companies, backed by the International Monetary Fund (IMF).

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