News Snapshot:
AUD/USD hangs in balance while carrying the bounce off 0.7730 to reverse early-Monday’s losses. US dollar weakness, gold run-up backed the bulls of late, market sentiment stay sluggish. Inflation concerns remain elevated amid mixed data from China, US and repeated Fedspeak. RBA minutes will be watched for July action hints, risk catalysts are also the key. AUD/USD steps back to 0.7760, following a bounce to revisit the week-start levels, during the early Tuesday morning in Asia. Despite a dull start to the week, amid no clear market direction and consolidation mode after Friday’s heavy optimism, US dollar weakness and gold’s...
