The Australian Dollar will be anxiously waiting for the release of Chinese economic data, but its excitement may be curbed by traders looking to upcoming Sino-US trade talks.
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The US Dollar has climbed against its Japanese Yen peer over the last few trading sessions with spot USD/JPY rates rising more than 100-pips month-to-date, but some FX traders expect a reversal.
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The Australian Dollar will be anxiously waiting for the release of Chinese economic data, but its excitement may be curbed by traders looking to upcoming Sino-US trade talks.
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The US Dollar has climbed against its Japanese Yen peer over the last few trading sessions with spot USD/JPY rates rising more than 100-pips month-to-date, but some FX traders expect a reversal.
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The Australian Dollar is eyeing how the S&P 500 reacts to US retail sales after Chinese equivalent ones were released. Beyond that, AUD/USD could be at risk to US-China trade talks.
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