Australian Dollar Movement and RBA Outlook

Monday, 1 April 2024, 23:14
The AUD/USD pair remains close to the 0.6500 weekly lows as strong US economic data impacts currency movements. Investors are closely monitoring the Reserve Bank of Australia (RBA) for potential market signals.
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Australian Dollar Movement and RBA Outlook

AUD/USD Movement

On Monday, the Australian Dollar faced a 0.4% decline against the US Dollar, influenced by positive business activity in the US.

Market Focus

Investors are attentively observing the US economic performance and the upcoming actions of the Reserve Bank of Australia for further direction in currency trading.

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