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AUD/USD: Bulls catch a breather around 0.7200 despite upbeat China PMI – FXStreet
AUD/USD eases to 0.7205, up 0.15% on a day, during the early Friday. The pair recently surged to the highest since February 2019 while touching 0.7215
- AUD/USD seesaws around 0.7200 as China’s official PMIs flashed better than forecast figures for July.
- Risk aversion gains further strength from virus woes, doubts over the US fiscal package.
- Downbeat US GDP, dovish Fed exert additional pressure on the US dollar index.
- Risk catalysts, US Chicago PMI, Michigan Consumer Sentiment Index in focus for fresh impetus.
AUD/USD eases to 0.7205, up 0.15% on a day, during the early Friday. The pair recently surged to…
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