AUD Surges Ahead of RBA Governor Bullock's Key Speech

The Australian Dollar (AUD) rose against the US Dollar (USD) ahead of RBA Governor Michele Bullock's speech on Tuesday, trading around 0.6990 during Asian hours.

Traders are closely watching for her remarks, which will likely influence market sentiment.

Lingering concerns over sticky inflation have kept investors cautious, with the June and Q2 consumer price reports due on Wednesday.

RBA Governor Bullock acknowledged the increasing frequency and impact of supply shocks in recent years, citing the COVID-19 pandemic, Russian invasion of Ukraine, and ongoing trade tensions as key risks.