The Australian Dollar (AUD) continued its downward trajectory against the US Dollar (USD) on Wednesday, marking its second consecutive session of losses. The AUD/USD pair slipped further as concerns over the Australian economy were amplified by cautious remarks from Reserve Bank of Australia (RBA) Governor Philip Lowe. Currently, the exchange rate hovers around 0.6400, reflecting a broader weakness in the AUD.
Meanwhile, the USD found strength from the ongoing efforts to reopen the US government, boosting confidence among traders. The positive sentiment surrounding the USD has played a crucial role in driving the AUD/USD pair lower. As market participants assess the implications of RBA's stance and the US fiscal situation, the potential for further volatility in the currency pair remains high, influencing trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-12 05:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.