AUD/USD Outlook: AUD Struggles as RBA Rate Cut Bets Rise
The weakening labor market and growing expectations of rate cuts weigh on the AUD. The persistent geopolitical instability, like US-China trade frictions, supports the US dollar. Traders look forward to the Philly Fed Manufacturing Index and FOMC’s Waller comments for further policy direction. The AUD/USD outlook suggests the USD weighs on the AUD amid weaker…
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