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AUD to USD Forecast: Balancing Act of RBA and US Economic Trends
The AUD/USD gained 0.21% on Thursday. Reversing a 0.21% loss from Wednesday, the Aussie dollar ended the day at $0.65558. The Aussie dollar fell to a low of $0.65346 before rising to a high of $0.65747. Private sector PMI numbers from Thursday highlighted the balancing act the RBA currently faces. A more marked contraction across the private sector impacted buyer demand for the Aussie dollar. However, the PMI survey also revealed a pickup in price pressures. Notably, input prices, fueled by energy, labor, and currency conversion costs, point to an acceleration in consumer price inflation. The inflation outlook ... (full story)