The Australian Dollar (AUD) extended its losses on Monday, possibly due to the Reserve Bank of Australia (RBA)'s less hawkish stance after it decided to keep its interest rate unchanged at 4.35% on Tuesday.
The Australia n Dollar depreciates due to the dovish sentiment surrounding the RBA. Australia 's Treasury announced that inflation could re-enter the RBA target range by the end of 2024. The US Dollar received support from the cautious comments from Fed officials regarding interest rate cuts. The Australia n Dollar extended its losses on Monday, possibly due to the Reserve Bank of Australia 's less hawkish stance after it decidedto keep its interest rate unchanged at 4.35% on Tuesday.
Should the pair breach below this EMA, it could encounter additional selling pressure, potentially targeting the area around the lower boundary of the symmetrical triangle, approximately at 0.6465. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of the Australian Dollar against listed major currencies today. The Australian Dollar was the weakest against the Pound Sterling. USD EUR GBP CAD AUD JPY NZD CHF USD -0.02% -0.06% -0.05% -0.08% -0.05% -0.
SEO Majors Macroeconomics Australia
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