Australian Dollar retreats from session peak as US PPI print beats sharply
AUD/USD gained roughly 0.3% on Wednesday, climbing through the session before peaking just below the recent cycle highs and pulling back into the close.
The Australian Dollar may continue to face downward pressure as the stronger US PPI print suggests potential inflationary pressures, which could lead to a stronger US dollar. This may result in further declines in the AUD/USD pair.
AUD/USD gained roughly 0.3% on Wednesday, climbing through the session before peaking just below the recent cycle highs and pulling back into the close.
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