AUD/USD consolidates within the June range as it manages to hold above the yearly low (0.6829), but the exchange rate may face headwinds ahead of the Reserve Bank of Australia (RBA) interest rate decision on July 5 as the central bank tames speculation for another 50bp rate hike. AUD/USD fails to extend the series of higher highs and lows from last week’s low (0.6869) on the back of US Dollar strength, and the Greenback may continue to outperform its Australian counterpart as Governor Philip Lowe acknowledges that “like other countries, we’re having to raise interest rates and there are uncertainties around how ... (full story)