AUD/USD Snaps Three-Day Winning Streak as Bears Eye 0.6500 on Mixed Australia/China Data

That said, China’s headline Trade Balance rises to $80.6B versus $70.6B expected and $70.62B prior. Further details unveil that the Imports slumped -12.4% YoY compared to -6.8% previous readings and -5.0% market forecasts while Exports dropped -9.2% YoY from -8.3% prior, versus -8.9% expected.

Elsewhere, the market’s recent chatters about the geopolitical fears surrounding China join the cautious mood ahead of Thursday’s inflation clues from Australia and the US also weigh on the AUD/USD price. That said, China’s warning about using the face recognition system joins the latest Japan-China tension and the Sino-US tussles to weigh on the sentiment amid a light calendar and lackluster yields.

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