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Close-up of Australian dollar bills and credit cards in a wallet on a wooden surface.
NEWS45D
AUD/USD Consolidates After Softer U.S. Inflation Cuts July Fed Hike Odds
AUD/USD held recent gains after weaker-than-expected U.S. inflation data sharply reduced the market-implied chance of a July Federal Reserve rate hike. Technical traders are watching nearby support around 0.6970 and resistance near 0.7020 as the pair digests its midweek rally.