Share: AUD/USD recovers from 0.6318 to trade around 0.6330s, up 0.22%. US core PCE at 3.7% YoY, below August’s data, with general inflation at 3.4%, in line with forecasts. Australian inflation above 5%, increasing the likelihood of another RBA rate hike in the near term. AUD/USD bounces off daily lows reached at 0.6318
US ISM Services PMI Heads Lower Services sector expands but concern over business activity, prices and new orders builds Employment softens ahead of Non-farm payroll data for July due tomorrow Recommended by Richard Snow Introduction to Forex News Trading US services PMI eased in July to 52.7, down from June’s 53.9 as business activity, employment
