The Australian dollar falls 0.25% to near 0.6990 as traders await key economic data to gauge August rate moves.
The Australian dollar declined 0.25% to trade just below 0.7000 on Tuesday, lagging behind other G10 currencies. The drop followed a speech by Reserve Bank of Australia Governor Michele Bullock in Sydney, which provided no clear signals on potential interest rate hikes.
Prior to the speech, the AUD had hovered near 0.7000, with markets pricing in a cautious outlook for August. Analysts await upcoming economic data, including inflation figures, to assess the RBA’s next policy steps. The currency’s performance remains tied to expectations of further tightening or a pause in rate adjustments.
Traders are now focused on the next set of economic releases, which could determine whether the RBA will resume rate hikes or maintain its current stance.