AUD/USD is holding steady between familiar technical levels after catching a thin bid on Tuesday. US economic releases will take a breather on Wednesday, giving Aussie traders a chance to catch their breath, at least after the next round of Australian Consumer Price Index (CPI) inflation data.
The latest US Personal Consumption Expenditures Price Index (PCE) inflation figures loom large later this week, pushing investor sentiment into the middle ahead of the key data print. Before then, US data remains fairly limited, and data reactions will likely stay constrained.
Australia's monthly CPI inflation print for July will land early on Wednesday. Australian inflation is expected to rise, forecast to climb to 2.3% compared to the previous 1.9%. After the RBA's latest Meeting Minutes released early Tuesday, Wednesday's CPI print will wrap up the Aussie's significant representation on this week's data docket.
Source: Fxstreet
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