The AUD/USD currency pair is trading flat around 0.6540 during early Asian hours on Tuesday, holding steady below the 0.6550 mark. Recent weaker-than-expected economic data from the US has led to a drop in the USD, compounded by increasing expectations of a potential interest rate cut in December. This shift has contributed to the Australian Dollar (AUD) gaining ground against its US counterpart.
As traders await the upcoming release of Australian GDP figures, the market remains focused on potential implications for the exchange rate. The stability of the AUD/USD pair suggests a cautious sentiment among investors, who are weighing the impact of both local economic performance and broader US monetary policy trends. With the current trading level hovering near 0.6540, market participants are keenly observing any shifts that may arise from the GDP data.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 01:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.