The Australian Dollar (AUD) is holding steady against the US Dollar (USD) on Thursday, buoyed by cautious comments from Reserve Bank of Australia (RBA) Deputy Governor, Michelle Hunter. The exchange rate reflects a stabilizing sentiment as traders digest the implications of the People’s Bank of China’s (PBoC) decision to keep its Loan Prime Rates (LPRs) unchanged for November, signaling a cautious approach to economic conditions.
As the market reacts to these developments, the AUD/USD pair has shown resilience, maintaining its position amid fluctuating trading volumes. The stability in China's monetary policy may offer some reassurance to Australian traders, as both economies remain interconnected. With the current exchange rate dynamics, the AUD's ability to sustain strength against the USD could influence broader forex trading strategies as investors remain vigilant for further economic signals.
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Data Source: FX Killer Analysis Team Updated: 2025-11-20 04:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.