Australian Dollar reverses post-PCE rebound as US Dollar recovers

AUD/USD declines 0.41% on Wednesday and trades around 0.6960 at the time of writing, having fully erased its initial rebound following the release of softer-than-expected United States (US) inflation data.
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ECB’s Schnabel says yield surge could cool inflation pressures

The European Central Bank (ECB) Governing Council member Isabel Schnabel said that high costs are passed through to consumers more quickly when the economy is resilient.
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