AUD/USD Maintains Ground Despite Soft CPI Reports
Australia’s inflation report indicated a softer than expected consumer price index, with the trimmed mean falling to 3.2% year-on-year from 3.5%. Despite this, the AUD/USD currency pair remains resilient, showing stability amid these economic signals. The RBA’s target inflation range continues to be a point of focus for traders. Understanding these fluctuations will be vital for market participants as they navigate potential shifts in the monetary policy landscape.
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