AUD/USD Quiet Ahead of US Data; Aussie Economic Signals Raise Rate Cut Bets
• AUD/USD trade subdued amid thin liquidity conditions during holiday period • Market awaits US Core PCE inflation and personal spending data for insights into consumer behavior • Australian economic indicators showing signs of cooling economy, raising speculation on RBA rate cuts • AUD/USD neutral to downward biased ahead of data; faces resistance at 0.6546 and support at 0.6500 • Next week - Aussie Judo Bank PMI and RBA meeting minutes to provide economic updates