Australian Dollar rises amid Chinese CPI preview
The post Australian Dollar rises amid Chinese CPI preview appeared on BitcoinEthereumNews.com. AUD/USD gains ground after remaining flat in the previous day, trading around 0.6930 during the Asian hours on Thursday. The currency pair gains ground as the Australian Dollar (AUD) finds support ahead of critical consumer inflation data from China, Australia’s primary trading partner. Later today, market attention will shift toward the US weekly Initial Jobless Claims report for further direction. Meanwhile, the US Dollar (USD) faces headwinds following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or begin to cool as geopolitical conflict in the Middle East eases. Notably, during Kevin Warsh’s debut meeting as FOMC Chairman on June 16-17, policymakers were split: while many participants noted the benchmark rate would likely finish the year unchanged or sligh