The AUD/USD currency pair remains steady around the 0.6540 mark during early Asian trading on Tuesday, struggling to gain traction ahead of the upcoming Australian GDP release. The exchange rate is influenced by softer-than-expected US economic data, which has heightened expectations for a potential interest rate cut by the Federal Reserve in December, leading to a weakened US Dollar.
Traders are closely monitoring the Australian GDP figures as they may impact the outlook for the Australian Dollar. With the AUD/USD pair flatlining below the 0.6550 level, market sentiment suggests caution as participants weigh the implications of the data on future monetary policy and its effect on the exchange rate.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 04:03
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.