AUD Struggles for Direction Ahead of US Inflation Data
The Australian Dollar has been trading in a tight range against the US Dollar at around 0.7215 during the European session on Thursday.
The pair is struggling for direction as investors await the US Producer Price Index (PPI) data for August, which will be published at 12:30 GMT.
The PPI data is expected to show a faster pace of growth in August, with an estimated 5.3% Year-on-Year (YoY) increase from 4.7% in July.