The post AUD/USD gains ground to near 0.6500 ahead of Chinese CPI inflation data appeared on BitcoinEthereumNews.com.

AUD/USD attracts some buyers to near 0.6500 in Monday’s early Asian session. US Nonfarm Payrolls rose by 139,000 in May, stronger than expected.  China’s CPI inflation for May will be in the spotlight later on Monday.  The AUD/USD pair edges higher to around 0.6500 during the early Asian session on Monday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) after US President Donald Trump said that the United States (US) will hold trade talks with China on Monday. Trump stated on Friday that US Treasury Secretary Scott Bessent and two other Trump administration officials are scheduled to talk with Chinese officials in London on Monday. The trade talks come as the US and China have argued over numerous issues amid an escalating trade war. However, the hope of potential trade negotiations between the world’s two largest economies provides some support to the China-proxy Aussie, as China is a major trading partner of Australia.  On the other hand, stronger-than-expected US economic data could boost the Greenback and act as a headwind for a pair. Data released by the US Bureau of Labor Statistics (BLS) on Friday showed that the Nonfarm Payrolls (NFP) in the US rose by 139K in May, followed by the 147K increase (revised from 177K) seen in April. This reading came in better than the market expectation of 130K. Meanwhile, the Unemployment Rate held steady at 4.2% in May, as expected. Annual wage inflation, as measured by the change in the Average Hourly Earnings, steadied at 3.9% in May, beating the estimation of 3.7%. Traders brace for China’s Consumer Price Index (CPI) inflation and Trade Balance reports for May, which will be published later on Monday. If the data shows that inflation in China eases, this could drag the AUD lower against the USD in the near…

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Filed under: News - @ June 8, 2025 11:28 pm