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fxAug 12, 2026, 10:31 PM

Australian Dollar Slides as US Inflation Matches Forecasts

AUD/USD ended Wednesday lower after US headline and core inflation figures came in line with estimates, prompting traders to trim rate-hike expectations.

AUDUSD

The Australian dollar lost ground against the US dollar on Wednesday, with AUD/USD last trading around 0.7061, down on the session.

US inflation data printed in line with expectations for both headline and core measures, which led market participants to push back against the prospect of further rate hikes. The Aussie initially faded the move but remained lower against the greenback.

Source: FXStreet Forex News