AUD/USD: Australian Dollar Steady Amid US Data and Economic Optimism
===============
#5e795900 ver:0.1
The AUD/USD pair traded flat at 0.6533 as traders awaited the release of the US Federal Reserve's Core Personal Consumption Expenditure (PCE) Price Index . Recent US durable goods orders exceeded expectations, but consumer confidence dipped slightly . Federal Reserve officials have expressed divergent views on rate cuts, with Atlanta's Fed Raphael Bostic foreseeing just one rate cut for 2024, while Lisa D. Cook warns that easing policy too soon increases the risk of inflation becoming entrenched . Chicago Fed President Austan Goolsbee expects three cuts on the dovish spectrum but says he needs more evidence of inflation 'coming down' . Traders are now turning their attention to Australian CPI data for further direction .
The release of Australia's inflation data is awaited during the Asia...
#newstr #Aud/usd #UsDollar #EconomicOptimism #AustralianEquityMarket