AUD/USD post moderate gains on solid US data, weak Aussie PMI
Australian Dollar appreciates against USD, driven by positive sentiment and strong US economic data. US Dollar Index falls 0.27% after Fed keeps rates steady and signals slower Quantitative Tightening. Chair Powell stresses data-dependent policy amid slow inflation progress. Australia's Judo Bank Services PMI disappoints investors, coming at 53.6, down from 54.2, missing estimates. AUD/USD traders await US labor data, including Nonfarm Payrolls and Unemployment Rates.