The Australian dollar is back in focus as AUD/USD traders await key CPI data and AUD/NZD consolidates after the RBNZ’s dovish cut. With the RBA preferring to act on quarterly inflation reports, and the US dollar caught between Fed politics and weak yields, the stage is set for volatile Aussie price action. Meanwhile, AUD/NZD momentum has paused near historical highs, with traders weighing whether bulls can extend the rally. Fed Governor Cook is preparing to sue President Trump for attempting to fire her, a move that could thwart his efforts to replace sitting Federal Reserve members with Republican doves. This … (full story)
