- #AUD/USD# is consolidating gains, keeping its range play intact below 0.6550 in Thursday's Asian session. Investors stay cautious amid softening Australian Consumer Inflation Expectations and US-China woes. The US Dollar awaits the key US CPI data for fresh impetus.
- #EUR/USD# is treading water within a key technical envelope below 1.1000 in Asia this Thursday. Traders refrain from placing fresh bets on the major ahead of the critical US #CPI# data, which could influence the Fed policy path and the US Dollar valuations. ECB Economic Bulletin also eyed.
- #gold# price edges higher during the Asian session on Thursday, albeit lacks follow-through. Bets for more rate hikes by the Federal Reserve underpin the US Dollar and cap the upside. China’s economic woes could lend support to the safe-haven #XAU/USD# and help limit losses.
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