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fxJul 29, 2026, 5:52 AM

AUD/USD Drops to Two-Week Low After Soft Australian CPI Data

The Australian dollar fell for a third consecutive session, breaking below support after consumer inflation data missed expectations.

AUDUSD

The AUD/USD pair extended its losing streak on Wednesday, sliding to a more-than-two-week low. Softer-than-anticipated Australian consumer price inflation figures triggered the sell-off, undermining the Aussie dollar's appeal.

The move pushed the pair near the 0.6950 level, which now serves as a key support to watch. Further downside could open the door to deeper losses as markets reassess the Reserve Bank of Australia's tightening path.

Source: FXStreet Forex News