The Australian Dollar holds near 0.7060 as traders await insights from RBA Governor Michele Bullock on monetary policy.
The Australian Dollar traded near 0.7060 against the USD, registering modest losses after US inflation data briefly pressured the Greenback. The AUD/USD pair remained stable despite the Greenback’s partial recovery by the end of Thursday’s session.
Earlier, US inflation figures influenced market sentiment, though the USD regained some ground. Traders are now focused on upcoming remarks from Reserve Bank of Australia Governor Michele Bullock, which could provide clues on future interest rate movements.
Market participants are assessing whether the RBA will maintain its current policy stance or signal potential shifts amid global economic uncertainty.