The AUD/USD pair holds steady during the Asian session on Thursday and, for now, seems to have stalled the previous day’s retracement slide from its highest level since June 5. Spot prices remain confined in a familiar range around 0.7050, awaiting a fresh catalyst before the next leg of a directional move.
The US Dollar (USD) struggles to capitalize on Wednesday’s goodish rebound as signs of moderating inflation in the US temper bets on an immediate interest rate hike by the Federal Reserve (Fed). This, along with the Reserve Bank of Australia’s (RBA) hawkish outlook, acts as a tailwind for the Australian Dollar (AUD) and the AUD/USD pair…
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