The Aussie remains inside the latest 50-pip range around 0.7200-50 during Wednesday’s Asian session. The Aussie pair jumped the most since December 22 the previous day while consolidating Monday’s heavy losses.
Comments from World Health Organization (WHO) official that again tried to appease fears over the South African covid variant, Omicron. “We are seeing more and more studies pointing out that Omicron is infecting the upper part of the body. Unlike other ones, the lungs who would be causing severe pneumonia,” WHO Incident Manager Abdi Mahamud told Geneva-based journalists per Reuters.
On the same line was the zero infections in West Australia for the first time in nearly a week. However, the Aussie national count refreshed record top infection with close to 53,000 cases a day.
Today, AUDUSD traders should pay attention to the risk catalysts ahead of the US ADP Employment Change for December and Federal Open Market Committee (FOMC) Meeting Minutes. While the expected easing in the ADP may help the Aussie pair to keep the latest rebound, the hawkish tone of the policymakers in the FOMC Minutes will be enough to keep the quote weak.
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