AUD/USD Outlook: Aussie Buoyant Ahead of Trump-Xi Summit

AUD/USD enters the new week near three-year highs, supported by broad risk appetite, bullish futures positioning and hopes tensions between the US and China may continue to thaw. While Australian economic data is unlikely to be a major volatility driver, traders will closely monitor US inflation reports, the Trump-Xi summit in Beijing and geopolitical risks surrounding Iran and the Strait of Hormuz. With institutional positioning remaining bullish and technical support holding above 0.71, dips in AUD/USD may continue to attract buyers. This is not likely to be a big week for AUD/USD traders seeking volatility where ...