AUD/USD slides as weak inflation data fuels RBA rate cut bets
Australian inflation missed expectations, reinforcing RBA rate cut speculation. US-China trade tensions keep pressure on the Aussie. Markets await the Fed’s decision for further direction. The AUD/USD dropped by 0.57% to 0.6225 on Wednesday, struggling near weekly lows below 0.6250. Softer-than-expected inflation data from Australia strengthened expectations of a February rate cut by the Reserve Bank … Read more