AUD/USD depreciates amid mixed Chinese data, stronger US Dollar
The Australian Dollar extends its losses after mixed economic data from China on Friday. The Australian Dollar struggles as Australia’s 10-year bond yield has dropped to a monthly low of 4.2%. China’s Retail Sales increased for the consecutive 15th month but the softest gain in the sequence. The US Dollar has rebounded as the Fed remains cautious about inflation and potential rate cuts in 2024.