The AUD/USD pair falls to near 0.6650 in Tuesday’s North American session.
AUD/USD falls to near 0.6650 as the US Dollar rises further ahead of the US inflation data for August. Investors see the US core PCI to have grownsteadily by 3.2%. Australian Westpac consumer sentiment declined in September after expanding previously. The Aussie asset drops as the US Dollar extends its recovery, with investors focusing on the United States Presidential debate between Vice President Kamala Harris and former President Donald Trump over the November elections.
The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD.
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