Australian Dollar Holds Near Lows as Risk Aversion Offsets China Inflation and Hawkish RBA

BitcoinWorld Australian Dollar Holds Near Lows as Risk Aversion Offsets China Inflation and Hawkish RBA The Australian dollar remained under pressure on Wednesday, hovering near recent lows as broad risk aversion in global markets offset stronger-than-expected inflation data from China and hawkish signals from the Reserve Bank of Australia (RBA). The AUD/USD pair struggled to gain traction, trading in a narrow range below the 0.6500 handle, as traders weighed conflicting drivers. Risk Aversion Dominates Market Sentiment Risk-off sentiment continued to weigh on the Australian dollar, a traditional proxy for global risk appetite. Renewed concerns over the pace of global economic growth, lingering geopolitical tensions, and a cautious tone in equity markets drove investors toward safe-haven currencies such as the US dollar and Japanese yen. The AUD, which typically benefits from a positiv