Australian Dollar Under Pressure as US Bounces Back and Growth Concerns Mount
• AUD/USD holds below 0.6500, lifted briefly by US inflation data before USD comeback
• US Core PCE as expected at 2.8%; jobless claims jump fuels rate cut bets
• Australian manufacturing PMI contracts, sparking growth concerns
• AUD pressured by mixed signals - inflation & jobs data, growth uncertainty
• Markets eye critical US data (ISM manufacturing, consumer sentiment) on Friday