AUD/USD Holds Higher Despite China's June CPI Cooling to 1% YoY
The Australian dollar held higher against the US dollar on Thursday, even after China's June Consumer Price Index cooled to 1.0% in June, measured on a yearly basis, from 1.2% in May, as a softer dollar tone kept the Aussie supported. On a monthly basis, the inflation rate in China declined 0.30% in June, compared with the 1% slide in May. In Thursday's G10 trading, the AUD remained mostly bearish among other currencies. The next high-impact release for the Aussie will be the Westpac Consumer Confidence Change for July and the NAB Business Confidence for June, due on July 14. For the USD, the major event will be the Existing Home Sales for June, due later on Thursday. The AUD/USD pair was trading at 0.69331, with a 0.04% gain during Thursday's American session at the time of writing.
The Australian dollar held higher against the US dollar on Thursday, even after China's June Consumer Price Index cooled to 1.0% in June, measured on a yearly basis, from 1.2% in May, as a softer dollar tone kept the Aussie supported.
On a monthly basis, the inflation rate in China declined 0.30% in June, compared with the 1% slide in May.
In Thursday's G10 trading, the AUD remained mostly bearish among other currencies.
The next high-impact release for the Aussie will be the Westpac Consumer Confidence Change for July and the NAB Business Confidence for June, due on July 14.
For the USD, the major event will be the Existing Home Sales for June, due later on Thursday.
The AUD/USD pair was trading at 0.69331, with a 0.04% gain during Thursday's American session at the time of writing.