AUD/USD bears eye 0.6540 support on downbeat China inflation, US President Biden’s tax proposal – by anilpanchal7 AUDUSD China Inflation RiskAppetite Fed
rom Australia’s key customer China came in softer for February. Adding strength to the downside bias could be the risk-off mood and hawkish Federal Reserve bets versus the dovish tone of Reserve Bank of Australia Governor.
Apart from the downbeat Chinese inflation numbers, the market’s risk-off mood also seems to weigh on the AUD/USD price, mainly due to the pair’s risk-barometer status.
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