AUD/USD is holding steady around 0.6640 on Monday, following a four-day rally that propelled the currency pair to two-month highs. This consolidation reflects a cautious sentiment among traders as they await key monetary policy decisions from the Reserve Bank of Australia (RBA) and the Federal Reserve (Fed) this week.
Market participants are closely monitoring the RBA's stance, with expectations that any shifts in outlook could significantly impact the Australian dollar’s performance. Simultaneously, attention is turning to the Fed's upcoming announcement, which could influence the broader market dynamics and the USD's exchange rate against other major currencies, including the EUR. As traders position themselves ahead of these pivotal events, volatility in the AUD/USD pair may intensify.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 14:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.