Australian Dollar remains in the negative territory ahead of China’s CPI data
AUD/USD gains ground after opening at a bearish gap but still remains in the negative territory, trading around 0.7240 during the Asian hours on Monday. Traders await China’s Consumer Price Index (CPI) data due later in the day.
The Australian Dollar may experience increased volatility following the release of China's CPI data. Depending on the CPI results, prices could either rebound or continue to decline.
AUD/USD gains ground after opening at a bearish gap but still remains in the negative territory, trading around 0.7240 during the Asian hours on Monday. Traders await China’s Consumer Price Index (CPI) data due later in the day.
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