The AUD/USD pair oscillates in a narrow range around 0.6425 during the early Asian session on Wednesday. Meanwhile, the US Dollar Index (DXY) hovers a
round 104.50 after retreating from the 105.00 area. Markets turn cautious ahead of the key US inflation data.
Furthermore, US Commerce Secretary Gina Raimondo is set to meet with the CEOs of key American corporations this week, two weeks after visiting China and raising worries about business conditions, per Reuters. The renewed trade war tension between the US and China might exert some selling pressure and act as a headwind for the China-proxy Australian Dollar .
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