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AUD/USD dribbles around 0.6900 as traders await Aussie Trade Balance, China Inflation

AUD/USD: Bulls face rejection near  0.6450 after pre-RBA bargain hunting
  • AUD/USD awaits fresh clues to extend recent gains, eyes fourth weekly upside.
  • Dovish Fed talks, upbeat Aussie data allowed bulls to keep the reins.
  • Wait for inflation data from China, US joined light calendar elsewhere to restrict moves.
  • Markets anticipate mixed data but improvement in China CPI could favor bulls.

AUD/USD portrays pre-data anxiety as it struggles to extend the previous day’s run-up, taking rounds to 0.6900 during the initial hours of Thursday’s Asian . . .

Written by Paul Hough