The Australian Dollar US Dollar (AUD/USD) exchange rate is pushing higher, recouping losses from the previous session. The pair trades +0.2% at US$0.7276, although is due to end the week at approximately the same level that it started.
The US Dollar is trading lower despite US CPI beating forecasts. CPI +0.4% mom in August. Core inflation rose +1.7% yoy a step closer to the Fed’s 2% average target.
The Aussie Dollar was on the rise despite rising US -Sino tension as Trump warns that the TikTok sale deadline won’t be extended.