AUD/USD renews intraday low near 0.7030 as it pares for the key data amid mixed sentiment during early Wednesday. In doing so, the Aussie pair also takes clues from the downbeat US stock futures and the Treasury bond yields to print mild losses.
That said, the Aussie pair is likely to witness profit booking should the Aussie inflation data disappoint as the RBA appears running out of steam to defend the hawkish interest rate moves. It should be noted that the RBA Trimmed Mean CPI will gain major attention and hence any minor change in the headline CPI data may not affect the AUD/USD to a much extent.
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