Australia’s PM Albanese: Will meet with Chinese President Xi Jinping on Tuesday – FXStreet
Australian Prime Minister Anthony Albanese said Monday he will have a meeting with Chinese President Xi Jinping on Tuesday.
"Australia will put forward our own position.”
“I look forward to having a constructive discussion with President Xi tomorrow.”
“We enter the discussion with goodwill.”
The Australian-Sino headlines are helping AUDUSD with a minor recovery, as the pair trades at 0.6675, still down 0.35% on the day. The Aussie hit an intraday low at 0.6664 earlier in the Asian session.
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AUDUSD picks up bids to justify the hawkish statements from the latest Minute Statement of the RBA Monetary Policy Meeting, published early Tuesday. The Aussie pair consolidates the daily loss near 0.6700. US PPI, risk catalysts should be eyed closely for clear directions.
The USDJPY pair has delivered an upside break of the consolidation formed in a 140.00-140.20 range after the Japanese Cabinet Office reported a negative growth rate in economic activities. Going forward, the US Retail Sales data will be of utmost importance.
Gold price (XAUUSD) remains depressed at around $1,770 while justifying the previous day’s bearish candlestick formation, as well as sluggish market conditions, during Tuesday’s Asian session.
Shiba Inu could be in the beginning stages of a much larger decline. If the bulls step in soon, a sweep-the-lows event will likely occur. Key levels have been defined to assess SHIB's next potential target.
The narrative of a potential Fed policy pivot in a more dovish direction has dominated markets While G 10 central banks continue to tighten monetary policy both Norges Bank and Bank of Canada have slowed their hiking pace.
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