The Australian Dollar (AUD) continues to decline for the second consecutive session on Tuesday.
The Australia n Dollar remains weaker due to risk aversion following the attempted assassination of Donald Trump. The AUD/USD pair may limit its downside as persistently high inflation prompts the RBA to maintain a hawkish stance. CME Group’s FedWatch Tool indicates an 85.7% probability of a 25-basis point cut in September, up from 71.0% a week earlier. The Australia n Dollar continues to decline for the second consecutive session on Tuesday.
3% year-over-year, surpassing estimates of 5.0%, albeit slightly lower than May's 5.6%. On Thursday, the data showed that the US Core Consumer Price Index , which excludes volatile food and energy prices, rose by 3.3% year-over-year in June, compared to May's increase of 3.4% and the same expectation. Meanwhile, the core CPI increased by 0.1% month-over-month, against the expected and prior reading of 0.2%. Technical Analysis: Australian Dollar hovers around 0.
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