Australian Dollar weakens to near 0.7250, Trump–Xi talks in focus
The AUD/USD pair loses ground to near 0.7250 during the Asian trading hours on Thursday. Hotter-than-expected US inflation data provide some support to the US Dollar (USD) against the Australian Dollar (AUD).
The Australian Dollar is likely to continue weakening against the US Dollar as market participants react to the stronger US inflation data. The focus on Trump-Xi talks may also add volatility, but the bearish trend for AUD/USD is expected to persist.
The AUD/USD pair loses ground to near 0.7250 during the Asian trading hours on Thursday. Hotter-than-expected US inflation data provide some support to the US Dollar (USD) against the Australian Dollar (AUD).
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