United States Wholesale Inventories came in at 0.2% below forecasts (0.3%) in June

US Dollar: Undervaluation flags downside risks – MUFG

Halpenny highlights MUFG’s G10 regression models showing the US Dollar undervalued against most peers, implying risk premia tied to Middle East conflict, inflation concerns and political interference at the Federal Reserve.
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Australian Dollar comes under pressure as US Dollar snaps two-day decline

AUD/USD edges lower on Thursday as the US Dollar (USD) steadies following two consecutive days of losses. At the time of writing, the pair trades around 0.7036, down roughly 0.32% on the day.
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