The Australian Dollar (AUD) continued its upward trend against the US Dollar (USD) on Wednesday, marking a fourth consecutive session of gains. The AUD/USD currency pair climbed as the latest Consumer Price Index (CPI) data exceeded market forecasts, suggesting a stronger economic outlook for Australia. The exchange rate showed notable resilience, reaching key technical levels that traders are closely monitoring.
As the Australian economy displays signs of inflationary pressure, attention shifts to the Reserve Bank of Australia (RBA) and its forthcoming monetary policy decisions. Market participants are increasingly speculating about potential interest rate adjustments, which could further influence the AUD's performance against other currencies, including the Euro (EUR). With the CPI figures in hand, traders are poised for what could be a significant impact on future trading sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 05:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.