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AUD Treads Water Near 0.7200 as RBA Hike Expectations Weigh Against US Inflation Fears

Guavy AI Editorial Team
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USD AUD
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The Australian Dollar has been consolidating around the 0.7200 level at the start of the week, remaining near its strongest level since mid-May.

This stability is attributed to markets pricing in a Reserve Bank of Australia rate rise in September, following stronger-than-expected growth and persistent domestic inflation.

The US Dollar's inability to extend gains linked to the Nonfarm Payrolls report has shifted attention to upcoming US inflation data, which could impact AUD/USD prices.

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