RBA President John Lowe effectively ruled out raising interest rates by 75 basis points at the upcoming interest rate decision-making meeting. Similar to the June meeting, the RBA will decide next week whether to raise interest rates by 25 basis points or 50 basis points based on the latest economic data. Australia's domestic data are enough to support the RBA's view of raising interest rates by 50 basis points. The recent disadvantages faced by AUDUSD AUD/USD include weak external economic growth and a stronger US dollar, while the US dollar is temporarily supported by the positive movement of US real yields, and the AUD is likely to continue to be under pressure in the future.