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Australian Dollar Outlook: AUD/USD in the Hands of the RBA and US CPI

Australian Dollar Outlook: AUD/USD in the Hands of the RBA and US CPI

The Australian dollar enters the week on a six-week winning streak, but the rally could face an important test from the RBA and US CPI. Markets have priced out a near-term RBA hike following softer Q2 inflation, leaving the US dollar and incoming US data increasingly important for AUD/USD.
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