AUD/USD Falls Near Three-Month Low Ahead of Australian CPI
The AUD/USD fell to near 0.6920 on Tuesday as traders await the Australian Consumer Price Index for clues on RBA policy.
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The Australian dollar dropped sharply against the US dollar on Tuesday, approaching the 0.6920 level. This move brings the pair close to a three-month low.
Market attention now turns to the upcoming Australian Consumer Price Index (CPI) data. The release is expected to provide fresh signals about the Reserve Bank of Australia's (RBA) monetary policy trajectory.
Source: FXStreet Forex News