The current market conditions for the #AUDUSD pair are mixed, with a number of fundamental factors impacting its performance.
While the RBA's surprise interest rate hike provides some support for the Australian dollar, the mixed Chinese trade data, risk-off sentiment, follow-through USD buying, and less hawkish outlook from the Fed are exerting downward pressure on the pair.
Market participants will be closely watching for the release of the latest US consumer inflation figures and other upcoming events to gauge the pair's future direction.
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