AUD falls as inflation cools and employment data weakens
The Australian Dollar is trading lower against the US Dollar after cooler inflation figures eased pressure on the Reserve Bank of Australia to hike interest rates further.
The Australian TD-MI Inflation Gauge revealed a 0.4% contraction in June, with a 3.9% year-on-year rate.
Job Advertisements fell 0.2% in June, adding to concerns about the economy.