AUD/USD defends 0.7700 on US-China news but bears remain hopeful ahead of US CPINEWS |
6/10/2021 1:24:09 AM GMT | By Anil Panchal
AUD/USD bounces off intraday low during a three-day downtrend.
Australia Consumer Inflation Expectations rose to 4.4% in June, US-China agrees to push forward trade, investment ties.
US Treasury yields remain pressured near March lows, stock futures print mild gains.
Further downside envisioned amid pre-CPI caution, a below-forecast data can recall pair buyers.
AUD/USD pares intraday losses during the three-day fall around 0.7730, following a U-turn from 0.7721, amid Thursday’s Asian session. Even so, the quote prints 0.03% downside on a day, the third in a row, by the press time.