Gold Research
Australian Dollar slips as softer inflation cools domestic rate expectations
AUD/USD depreciates for the second successive day, trading around 0.6970 during the Asian hours on Wednesday. The pair falls as the Australian Dollar (AUD) continues to struggle following the release of domestic Consumer Price Index (CPI) data.
AUD/USD depreciates for the second successive day, trading around 0.6970 during the Asian hours on Wednesday. The pair falls as the Australian Dollar (AUD) continues to struggle following the release of domestic Consumer Price Index (CPI) data.
Gold impact rationale
Cooling inflation weakens demand for gold as an inflation hedge.
- Source: FXStreet news
- 2026-07-29
- inflation
Topics: gold news, gold price impact, inflation