
USD Gains Ground Against AUD: PPI Data Slightly Softens Inflation Concerns, but US Dollar’s Recovery Remains Strong
The AUD/USD Tumbles: A Closer Look at the US Dollar’s Outperformance The Australian Dollar (AUD) experienced a significant decline against the US Dollar (USD) on Thursday, with the pair tumbling to near 0.6280. This downward trend can be attributed to the US Dollar’s outperformance on the global stage, driven primarily by renewed fears of a…