AUD/USD has reversed its recent gains, trading around 0.6450 during European hours on Tuesday. This decline follows two consecutive days of increases, reflecting a cautious sentiment among traders as they await Australia’s first fully expanded monthly Consumer Price Index (CPI) dataset for October, scheduled for release on Wednesday.
The anticipation surrounding the CPI release is influencing the currency pair's exchange rate, as investors assess potential implications for monetary policy. A weak inflation figure could further weigh on the Australian dollar, while a stronger reading might bolster it. As market participants position themselves ahead of this critical economic indicator, the trading activity in the AUD/USD pair remains heightened, reflecting the ongoing volatility in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 08:52
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.