AUD/USD Lower, Focus on RBA Rate Meeting

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AUD/USD is trading at 0.7577, down 0.0012. The pair is trading just above the session lows. The Australian Bureau of Statistics reported that year over year producer prices (PPI) rose 0.5 percent year over year in the third quarter versus a rise of 1.0 percent in the second quarter. Quarter over quarter Australian PPI improved slightly to rise of 0.3 percent versus a rise of 0.1 percent in the second quarter. Market chatter about the upcoming RBA policy meeting is making the rounds. The Reserve Bank of Australia (RBA) is scheduled to release a statement and interest rate decision late Monday evening.
Posted In: FuturesForexMarketsAUD/USDAustralian dollar
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