A private-sector survey released on Monday revealed a growth in China’s services activity in May. The US dollar found support from increased Treasury yields. Interest rate traders are assigning a 1-in-4 chance of a rate hike next week. Today’s AUD/USD outlook is slightly bearish. The Australian dollar wiped initial gains from a report indicating increased … Continued
The post AUD/USD Outlook: Aussie Relieved as China Reports Upbeat Data appeared first on Forex Crunch.
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