Mixed Outlook for the Australian Dollar as China's Growth Concerns Clash with Resurgent Aussie Price Pressures
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#c0f71ab7 ver:0.95

The Australian Dollar (AUD) faces mixed outlook as China's growth concerns clash with resurgent Aussie price pressures. Higher-than-expected consumer inflation dampens RBA rate cut expectations, supporting AUD/USD pair. RBA delays rate cuts, making it one of the last G10 central banks to adopt reduction policy. US inflation reduction in May creates policy divergence with RBA, strengthening AUD. Key factors driving AUD include interest rates, Iron Ore price, Chinese economy, inflation, growth rate, and Trade Balance. AUD/USD may continue to rise to 0.6744. #AUD #RBA #inflation #interestrates #China #TradeBalance #economicoutlook...

#newstr #AustralianDollar #China #ManufacturingPmi #UsDollar #FederalReserve #ReserveBankOfAustralia 

 https://here.news/story/c0f71ab7?ver=0.95