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Dollar Flat Ahead of Key US Inflation Report, Euro Dips

Dollar Flat Ahead of Key US Inflation Report, Euro Dips
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AUD/USD defends 0 7700 on US-China news but bears remain hopeful ahead of US CPI

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.

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