AUD/USD Dips Below 0.7050 as US PPI Boosts Dollar
The Australian Dollar weakened against the US Dollar after US wholesale prices rose more than expected, pushing AUD/USD to around 0.7030 during Asian trading.
AUDUSD
The AUD/USD pair lost momentum, dropping to around 0.7030 during Asian hours on Friday. The move followed stronger-than-expected US Producer Price Index (PPI) data, which bolstered the US Dollar against the Australian Dollar. The decline extends the pair's recent weakness.
Source: FXStreet Forex News