The Australian Dollar (AUD) faced a downturn against the US Dollar (USD) on Friday, reversing earlier gains as traders braced for the upcoming release of the University of Michigan Consumer Sentiment Index for December. The AUD/USD currency pair saw a decline, reflecting market sentiment shifting towards the greenback ahead of the key economic indicator.
As the trading session progressed, the exchange rate for AUD/USD faltered, highlighting the influence of US economic data on forex movements. The anticipation surrounding the Michigan Sentiment Index has created volatility in the forex market, with the USD gaining traction as investors reassess their positions in light of potential shifts in consumer confidence.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 06:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.