The AUD/USD pair is giving away part of last week's strong advance as the US Dollar recovers. The RBA's S. Hunter is set to speak later today. The US Dollar's bid bias has prompted a corrective move in the risk complex, causing AUD/USD to test the 0.6600 support level. US yields have declined, but there is speculation about the Fed's anticipated interest rate cut in June. Range-bound trade is expected in the near term as investors await key US inflation figures.
The AUD/USD pair is giving away part of last week's strong advance as the US Dollar recovers. The RBA 's S. Hunter is set to speak later today. The US Dollar's bid bias has prompted a corrective move in the risk complex , causing AUD/USD to test the 0.
6600 support level. US yields have declined, but there is speculation about the Fed's anticipated interest rate cut in June. Range-bound trade is expected in the near term as investors await key US inflation figures.
AUD/USD US Dollar RBA S. Hunter Risk Complex Support Level US Yields Federal Reserve Interest Rate Cut Range-Bound Trade US Inflation Figures
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