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fxJun 12, 2026, 1:57 AM

AUD/USD Dips Below 0.7050 as US PPI Boosts Dollar

The Australian Dollar weakened against the US Dollar after US wholesale prices rose more than expected, pushing AUD/USD to around 0.7030 during Asian trading.

AUDUSD

The AUD/USD pair lost momentum, dropping to around 0.7030 during Asian hours on Friday. The move followed stronger-than-expected US Producer Price Index (PPI) data, which bolstered the US Dollar against the Australian Dollar. The decline extends the pair's recent weakness.

Source: FXStreet Forex News