AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP
AUD/USD retreats from a peak of 0.6529 following an unexpected surge in Australian inflation figures. The US Dollar Index edges higher, influenced by solid US economic indicators and investor caution ahead of key GDP report. Despite a strong Q1 inflation report suggesting robust Australian economic activity, expectations for an RBA rate cut linger among analysts.