The Aussie Dollar holds steady at around 0.7061 after US inflation data weighed on the Greenback, which recovered some ground to finish Thursday’s session almost flat. The AUD/USD registers modest losses of 0.01%
AUD/USD steadies as softer US data clashes with hawkish RBA guidance
Data from the US showed that PPI was below estimates and improved compared with June’s print. Core PPI also ticked lower, aligned with the forecast. At the same time, Initial Jobless Claims for the week ending August 8 edged up from 200K to 209K, above forecasts but close to the 4-week average, an indication that the labour market is solid.
This prompted a repricing…
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