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The Australian Dollar finished higher last week after US inflation data excited markets and sent the US Dollar lower, lifting AUD/USD. Will the US Dollar dominate AUD/USD?
The daily price broke Ichimoku cloud to above for the primary daily bullish reversal. The price is testing resistance level at 0.7135 to above for the bullish trend to be continuing.

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Food prices in New Zealand were up 7.4 percent on year in July, Statistics New Zealand said on Friday - accelerating from 6.6 percent in June.

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First-time claims for U.S. unemployment benefits saw another modest increase in the week ended August 6th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims rose to 262,000, an increase of 14,000 from the previous week's revised level of 248,000.

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Inflation expectations among Australian households eased in August, the latest Survey of Consumer Inflationary and Wage Expectations from the Melbourne Institute showed Thursday.

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A report released by the Labor Department on Tuesday showed U.S. labor productivity continued to slump in the second quarter of 2022, while labor costs continued to soar. The Labor Department said labor productivity tumbled by 4.6 percent in the second quarter after plummeting by a revised 7.4 percent in the first quarter.

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