AUD/USD Outlook: Dollar Softens Ahead of Key US Inflation Data

The US core PCE price index will show whether price pressures are dropping fast enough to warrant a 50 bps rate cut. The US GDP expanded by a bigger-than-expected 3.0% in the second quarter. Australia’s sales were flat in July, a drop from previous robust readings. The AUD/USD outlook is bullish as the dollar eases…
The post AUD/USD Outlook: Dollar Softens Ahead of Key US Inflation Data appeared first on Forex Crunch.
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AUD/USD Outlook: Dollar Softens Ahead of Key US Inflation Data

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