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🔔 AUD/USD trades near recent highs amid elevated Australian inflation expectations
• The AUD/USD pair stays close to its recent highs around ~0.7140, briefly touching a three-year high at 0.7147 before a slight pullback. �
• Markets are reacting to Australian consumer inflation expectations rising above 5% — the highest in nearly three years — which fuels bets on further Reserve Bank of Australia (RBA) tightening. �
• A stronger U.S. jobs report has supported the U.S. Dollar, limiting AUD/USD downside but the Aussie remains well supported above 0.7100. �
FXStreet
FXStreet
FXStreet
📈 Broader context:
• The Australian Dollar recently hit a three-year high on broad USD weakness and hawkish central bank expectations. �
• Elevated inflation in Australia and a dovish U.S. policy backdrop have been key drivers of the pair’s strength. �
• The Reserve Bank of Australia has reiterated concerns about inflation remaining high and signaled readiness to tighten further if needed. �$AUD $BTC #CZAMAonBinanceSquare #USNFPBlowout #TrumpCanadaTariffsOverturned #USRetailSalesMissForecast #USTechFundFlows