AUD/USD retreats towards 0.6700 ahead of Australia Employment data – by anilpanchal7 AUDUSD RiskAppetite Employment Inflation Recession
l Asian session. In doing so, the Aussie pair portrays the market’s fears of recession, as well as the Fed’s aggression, ahead of the key Australia employment data for June.
That said, US Consumer Price Index for June jumped to the highest level in 40 years to 9.1% YoY versus 8.8% expected and 8.6% prior. The Core CPI, which excludes volatile food and energy prices, eased to 5.9% from 6% prior but crossed analysts' forecast of 5.8%.
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