# AUD to USD Forecast: A Return to $0.70 Hinged on US Inflation | FXEmpire

> The AUD/USD rallied 1.07% on a Thursday session to close near $0.68, with the pair trading between $0.6723 and $0.6804. Traders focused on upcoming US personal income, spending and core PCE inflation data for the Q1 2024 Fed rate outlook.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32980-aud-to-usd-forecast-a-return-to-0-70-hinged-on-us-inflation-fxempire
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

This is routine currency commentary with no new structural cause, so it has limited direct impact on feed commodity prices beyond general dollar sentiment.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-a-return-to-0-70-hinged-on-us-inflation-1397713

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.