The Australian Dollar finished Wednesday’s session virtually unchanged against the US Dollar following the Aussie’s inflation report and a scarce economic docket in the United States (US).
AUD/USD falls following Federal Reserve Governor Waller's hawkish remarks on interest rates. Australian inflation remains steady at 3.4% YoY as traders digest implications for RBA’s monetary policy. Upcoming Australian Housing Credit and Retail Sales data eyed for further insight into domestic economic conditions.
4% YoY for the third straight month. Up next, Housing Credit data for February will be released following Januar’s print of 0.4% MoM. Alongside that, Retail Sales for the same period are expected to slow from 1.1% to 0.4% MoM. AUD/USD Price Analysis: Technical outlook After Waller’s remarks, the AUD/USD pushed far below the 200-day moving average of 0.6547, with the pair aiming to challenge Wednesday’s lows of 0.6511. Further weakness will drive the pair to test 0.
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