Australian Dollar Consolidates as Confidence Data Sends Mixed Signals
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#5acfe72f ver:0.73

The Australian Dollar (AUD) is consolidating as confidence data sends mixed signals. The AUD/USD is trading at 0.6638, with the Westpac Consumer Confidence Index declining by 1.1% in July and the NAB Business Confidence index rebounding to 4 in June. The AUD gains ground as the USD struggles due to soft employment data, leading to speculation of a rate cut by the Federal Reserve. The RBA's emphasis on inflation risks and higher interest rates also supports the AUD. The AUD/USD is testing resistance at 0.6744. #AUD #USD #RBA #Fed #interestrates...

#newstr #Aud/usd #ConfidenceIndicators #RateCuts #Rba #Fed 

 https://here.news/story/5acfe72f?ver=0.73