AUD/USD is trading near the 0.7070 zone, holding onto a minority of Wednesday's gains after the pair touched a session high near 0.7090. The read initially knocked the US Dollar (USD) lower and tempered rate-hike bets. Core producer prices are expected to slow sharply on an annual basis, a reading that would add to the disinflation case already building after Wednesday's CPI. The bank points to "signs of normalization in services prices along with tariff pass-through that remains under control," arguing that these dynamics "bode well for concerns around sticky core inflation." A deeper pullback would expose the more distant 100-period SMA support at 0.7016.