EUR/USD Rises as Mixed US Data Underwhelms on Nostr: Australian Dollar Rises as High Inflation Drives RBA's Hawkish Stance =============== ...

Australian Dollar Rises as High Inflation Drives RBA's Hawkish Stance
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#5acfe72f ver:0.67

The Australian Dollar (AUD) continues to rise as high inflation drives the Reserve Bank of Australia's (RBA) hawkish stance. The AUD/USD pair is supported by the weaker US Dollar (USD) and positive economic indicators. Traders are looking for further direction from upcoming US economic data. The AUD/USD outlook remains bullish, with the AUD reaching its highest level since January. Key events and economic indicators next week could impact the direction of the Australian dollar. The AUD/USD forecast suggests extra gains in the near term. The AUD held its ground against the USD despite weaker-than-expected trade surplus figures. The RBA's delay in rate cuts and high inflation are supporting the AUD. The AUD stands near six-month highs, with a chance of an RBA rate hike in August....

#newstr #AustralianDollar #ReserveBankOfAustralia #Inflation #InterestRates #UsDollar #FederalReserve

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