The AUD/USD reached its lowest level in a year during the Asian session at 0.6269, but then rebounded, accelerating during American trading hours desp
AUD/USD Current Price: 0.6324 RBA Bullock says inflation numbers did not surprise the central bank. Australian wholesale inflation data and Core PCE in the US are due on Friday. The AUD/USD reached its lowest level since November 2022 and subsequently rebounded. ite upbeat US economic data. The pair climbed back above 0.6300. Inflation data from Australia and the US is due on Friday.
The monthly Core PCE data is due on Friday. Other reports released on Thursday showed Initial Claims rising to 210K, and Continuing Claims jumping to 1.79 million, the highest since May. The AUD/USD remains near year-to-date lows. The Australian currency needs improved market sentiment and a correction in the US Dollar to exhibit confidence for a stronger recovery. AUD/USD short-term technical outlook The AUD/USD experienced a drop from its weekly highs at the 55-day Simple Moving Average to 0.
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AUD/USD drops below 0.6300 following RBA’s Bullock speechThe AUD/USD pair attracts some sellers during the early Asian trading hours on Thursday. The pair breaks below the 0.6300 mark and currently trades a
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