Hello everyone! The AUD/USD pair received strong buying pressure on the first day of the new week and maintained strong intraday gains, near multi-day highs in the first half of the European session. currently trading just below the mid-0.6400s, up nearly 1% on the day and receiving support from a sharp decline in the US Dollar (USD).
Investors were cheered by better-than-expected Chinese inflation data released over the weekend, showing that consumer price inflation rose back into positive territory during the month and buffering hopes that the economic stability.
Investors were cheered by better-than-expected Chinese inflation data released over the weekend, showing that consumer price inflation rose back into positive territory during the month and buffering hopes that the economic stability.
