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Australian Dollar Struggles as Robust US Dollar Awaits CPI Data
The Australian Dollar holds steady as traders remain cautious ahead of the release of the US November Consumer Price Index (CPI) data.
The AUD has faced pressure following the Reserve Bank of Australia’s decision to keep interest rates unchanged at 4.35% during its December meeting
Forecasts for the US CPI suggest an annual increase of 2.7%, with core inflation expected to climb to 3.3% in November
The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Wednesday, with the AUD/USD pair struggling due to the strength of the USD. Market participants are now awaiting the release of the US November Consumer Price Index (CPI) data, set to be published during the North American trading session.
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