AUD/USD Stalls Amid RBA Caution

The Australian Dollar's recovery against the US Dollar has stalled in the 0.7050-0.7060 range, and it still struggles to surpass 0.7000 in a sustainable manner.

Despite this, the Reserve Bank of Australia (RBA) is cautious about the domestic inflation situation and its stance supports the Aussie's value.

Australia's economy appears healthy and stable, with solid domestic demand and decent economic growth figures.

The RBA raised rates to 4.35% in June, broadly in line with market expectations, but policymakers remain data-dependent and may keep their hand steady for now.