Gold Research
Australian Dollar rallies despite softer CPI as US Dollar tumbles after Fed, weaker data
AUD/USD trades around 0.7010 on Thursday at the time of writing, up 0.82% on the day as broad-based US Dollar (USD) weakness outweighs the negative impact of softer Australian inflation.
AUD/USD trades around 0.7010 on Thursday at the time of writing, up 0.82% on the day as broad-based US Dollar (USD) weakness outweighs the negative impact of softer Australian inflation.
Gold impact rationale
Cooling inflation weakens demand for gold as an inflation hedge.
- Source: FXStreet news
- 2026-07-30
- inflation
Topics: gold news, gold price impact, inflation