The Australian Dollar (AUD) continues its upward trajectory against a broadly weaker US Dollar (USD), marking a fresh high not seen since November 13 during the Asian trading session on Wednesday. This rise comes despite the dismal Q3 GDP data, which typically would weigh on the currency. AUD/USD is benefiting from a hawkish stance from the Reserve Bank of Australia (RBA), providing support to the bulls.
As the exchange rate moves in favor of the AUD, traders are positioning themselves for potential further gains, reflecting a strong sentiment in the market. The ongoing strength against the USD suggests that the currency pair’s recent performance may be more influenced by the RBA's monetary policy outlook than by economic data alone. With the AUD remaining resilient, market participants will be keenly watching for any shifts in sentiment or indicators that could affect future trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 04:01
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.