Market Insights 20 January 2022
AUD/USD is easing back below 0.7250, paring upbeat Aussie employment data-led strong gains, as the persistent strength in the US Treasury yields limits the upside. Australia's Unemployment Rate dropped sharply to 4.2% in December. PBOC cut LPR once again.
Gold consolidates the biggest daily gains since early November. XAU/USD pares the stellar gains posted the previous day around $1,839, down 0.2% intraday during the initial Asian session as market sentiment sours.
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