AUD/USD underpinned by US-China currency pact and Huawei news. All eyes on the US CPI and trade developments for the next direction. The bulls appear to take a breather in the European trading, allowing the AUD/USD pair to consolidate the Asian bounce to near 0.6760 region, as markets await the US inflation data for fresh impetus ahead of the key US-China trade talks. At the press time, the spot remains strongly bid near the midpoint of the 0.67 handle The higher-yielding Aussie bounced-off four-day lows of 0.6710 and rallied nearly 45-pips, in a knee-jerk reaction to a Bloomberg report that cited “the White House is looking at rolling out a previously agreed currency pact with China as part of an early partial deal that could pave the way for a suspension of the planned tariff increase next week,” according to FXStreet’s Analyst Omkar Godbole. The currency pact would be followed by more negotiations on core issues like intellectual property and forced technology transfers, the people familiar with the matter told Bloomberg. Further, the Chinese proxy, the AUD, also cheered the news about the White House planning to issue licenses allowing some American companies to supply nonsensitive goods to the Chinese telecom giant Huawei. These moves by the US appear to ease the US-Sino trade tensions, as all eyes now remain on the high-level trade talks due later on Thursday in Washington. Meanwhile, on the data front, the US September CPI report will be closely eyed for fresh hints on the US interest rates outlook, after the Fed Chair Powell said, in his recent speeches, the Fed remains data-dependent amid trade risks and global growth concerns. AUD/USD Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next US-China trade in focus – TD Securities FX Street 3 years AUD/USD underpinned by US-China currency pact and Huawei news. All eyes on the US CPI and trade developments for the next direction. The bulls appear to take a breather in the European trading, allowing the AUD/USD pair to consolidate the Asian bounce to near 0.6760 region, as markets await the US inflation data for fresh impetus ahead of the key US-China trade talks. At the press time, the spot remains strongly bid near the midpoint of the 0.67 handle The higher-yielding Aussie bounced-off four-day lows of 0.6710 and rallied nearly 45-pips, in a knee-jerk reaction to a Bloomberg report that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.