AUD/USD Hovers Near Year-to-Date Lows Amid US CPI Focus
The AUD/USD pair continues to experience downward pressure. On Wednesday, it dropped to around 0.6340, marking the lowest point since November 2023. Traders note that the current market fundamentals indicate a sustained bearish outlook. Many are awaiting the upcoming US consumer inflation data before making any significant trading decisions. This information could potentially shift the dynamics for the AUD/USD.
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