The AUD/USD currency pair has experienced a notable decline, trading around 0.6540 after reaching two-week highs earlier. This marks the end of a six-day winning streak for the Australian Dollar, as it succumbs to pressure from disappointing Chinese PMI data released during the early European session on Monday.
The weaker-than-expected economic indicators from China have raised concerns over the region's economic outlook, impacting demand for the Australian Dollar. Traders are now closely monitoring the exchange rate for further developments, as the AUD's momentum falters against the USD, reflecting the ongoing volatility in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 07:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.