The Australian dollar (AUD) continued its uptrend for the third straight session on Friday following aggressive comments from Reserve Bank of Australia (RBA) Governor Michele Bullock.
However, the AUD/USD pair may face downward pressure as the United States (US) is set to announce additional measures on Monday aimed at curbing China's ability to advance artificial intelligence technology.
RBA Governor Bullock said on Thursday that Australia's core inflation is still "too high" to consider cutting interest rates anytime soon.
He stressed that there is still progress to be made before inflation returns sustainably to target levels.
Source: FXStreet
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