The Australian Dollar (AUD) experienced a slight decline against the US Dollar (USD) on Monday, reflecting market caution ahead of the critical monthly Consumer Price Index (CPI) report due later this week. As traders anticipate the inflation data, the AUD/USD exchange rate slipped, highlighting concerns over potential economic implications from rising prices.
Market participants are closely monitoring the upcoming CPI figures to gauge the Reserve Bank of Australia's (RBA) stance on monetary policy. A higher-than-expected inflation reading could prompt increased volatility in the currency pair as traders reassess their positions. Currently, the AUD shows signs of weakening, as it navigates through key technical levels, setting the stage for a potentially significant market reaction following the release of the CPI data.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 03:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.