The AUD/USD currency pair has climbed to nearly 0.6550 during the European trading session on Wednesday, reflecting a positive shift in market sentiment. This upward movement is largely attributed to the Australian Dollar's strength, bolstered by expectations that the Reserve Bank of Australia (RBA) will sustain a restrictive monetary policy in its upcoming meetings.
As traders anticipate the release of Australian employment data, the exchange rate remains sensitive to shifts in economic indicators. The market is closely watching the RBA's stance, as any indication of maintaining or tightening monetary policy could further influence the AUD's performance against the USD in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-11-12 09:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.