AUD/USD stays pressured at 0.7200 amid upbeat China GDP, softer Retail Sales and risk-off mood

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AUD/USD stays pressured at 0.7200 amid upbeat China GDP, softer Retail Sales and risk-off mood
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AUD/USD stays pressured at 0.7200 amid upbeat China GDP, softer Retail Sales and risk-off mood By anilpanchal7 AUDUSD RiskAppetite China GDP Coronavirus

China’s Beijing tightens the rule for entry into the capital city after a jump in the covid cases while Japan also discusses heightened virus-led restrictions for Tokyo on witnessing more than 20,000 daily infections for the third consecutive day.

Amid these plays, S&P 500 Futures drop 0.20% intraday by the press time while the US 10-year Treasury futures extend decline with the CBT TN contract implied yield rises to 1.85%, versus Friday’s close near 1.793%.

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