AUD/USD Outlook: Downside Bias Intact Ahead of US CPI

The AUD/USD pair has slipped to new lows since Friday. The likelihood of a 50 bps September Fed rate cut has fallen from around 50% to 30%. Business conditions in Australia fell by 3 points to +3, a two-and-a-half-year low. The AUD/USD outlook leans to further decline as the dollar steadies before pivotal US inflation…
The post AUD/USD Outlook: Downside Bias Intact Ahead of US CPI appeared first on Forex Crunch.
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AUD/USD Outlook: Downside Bias Intact Ahead of US CPI

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