AUD/USD skidding towards 0.6300 as Aussie rolls over against Greenback

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• The AUD/USD is backsliding on Wednesday, tumbling over 90 pips from the day’s early peak.
• Further red is on the cards as broad-market risk appetite sours, sending the USD higher.
• Aussie inflation risks are increasing, and the RBA’s holding pattern has investors worried.

The AUD/USD hit an early high of 0.6399 on Wednesday, falling just shy of the 0.6400 handle before the Aussie (USD) went into a full reversal, sending the pair tumbling 1.4% from the day’s high bids to trade back into the 0.6300 region.