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fxJul 9, 2026, 1:04 AM

Australian Dollar Rises Ahead of Chinese CPI Data

AUD/USD edges higher to 0.6930 during Asian hours on Thursday, supported by anticipation of Chinese consumer inflation data, a key indicator for Australia's primary trading partner.

AUDUSD

The Australian Dollar ticked higher against the US Dollar on Thursday, recovering from a flat session a day earlier. AUD/USD traded around 0.6930 during Asian trading hours.

Traders are looking ahead to the release of China's Consumer Price Index (CPI), which serves as a critical gauge for Australia's largest export market. The data is expected to provide near-term direction for the Aussie.

The pair's modest gain reflects cautious optimism ahead of the inflation print, with no major technical breakout observed.

Source: FXStreet Forex News