Australian Dollar loses ground as US Dollar remains solid ahead of PCE Inflation – FXStreet

The Australian Dollar has weakened against the US Dollar as the American currency continues to hold strong in anticipation of the PCE Inflation. This has resulted in the Aussie losing ground in recent trading sessions. Investors are closely watching the upcoming release of the PCE Inflation data, which is expected to impact the value of the US Dollar further. The Australian Dollar’s performance against the US Dollar is closely tied to market sentiment and economic data, making it a key currency pair to watch in the current market environment.