π° Warsh's speech might be a dangerous trap for AUD/USD
The Aussie dollar is trading near a three-month high following unexpectedly strong Australian inflation data. Market participants are closely watching Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Symposium today. Spot gold dropped 0.5% to $4,576.30 per ounce by 0157 GMT as investors awaited remarks. The AUD/CAD pair hit its highest level since early 2021 due to RBA rate outlook changes. Investors are now gauging if Warsh's address will confirm or challenge the current bullish momentum. π§