Aussie Dollar Treads Water Ahead of Key US Inflation Report
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Australian Dollar trades sideways ahead of critical US inflation data that could impact Fed policy outlook and AUD valuation
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Australia's S&P/ASX 200 Index rose on Tuesday, supported by gains in financial and gold stocks to potentially aid Aussie Dollar
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US Dollar Index remains steady as markets exercise caution before US Consumer Price Index, where higher inflation could lift USD versus AUD
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RBA's Sarah Hunter discussed 4Q GDP meeting forecasts and inflation matching expectations, but inflation still primary barrier to consumption
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Technicals suggest AUD could test support at 0.6600, while resistance stands at 0.6650 and 0.6667 before psychological 0.6700 level