Dec 16, 2020 00:12 GMTFXStreet News
AUD/USD consolidates the previous day’s gains around the highest since June 2018, marked on Monday.
Trade sentiment remains positive on vaccine, US aid package hopes.
Western tussle with China, virus woes challenge the bulls.
Australia’s Commonwealth Bank PMIs rose in December, Westpac Leading Index, HIA New Home Sales awaited.
AUD/USD wavers around 0.7550/60 during the initial Asian session on Wednesday. The aussie pair benefited from the broad risk-on mood the previous day. However, fears of an escalation in the US-China and the Canberra-Beijing tussles probed the bulls near the multi-day high refreshes earlier in the week. Traders currently await the US stimulus headlines while paying less heed to the activity numbers flashed by the Commonwealth Bank of Australia (CBA).
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