The Reserve Bank of Australia (RBA) maintained its cash rate at 3.60%, signaling an end to its easing cycle while hinting at the possibility of future rate hikes. This decision led to a rebound in the AUD/USD currency pair, pushing the exchange rate toward the 0.6650 mark. Traders are now eyeing resistance near 0.6700, awaiting the upcoming Federal Reserve decision for further direction.
As market participants digest the RBA's hawkish pause, the implications for the Australian dollar become increasingly significant. The stability in the cash rate reflects the RBA's cautious approach amid global economic uncertainties, while the focus shifts to how the Fed's monetary policy will influence the broader forex landscape, particularly against the backdrop of the USD and EUR exchange rates. Market volatility is expected as traders react to the Fed's announcements in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 11:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.