The AUD/USD currency pair has experienced a notable correction, sliding to approximately 0.6620 during the European trading session on Wednesday. This decline follows a peak near 0.6686, reaching an almost three-month high. The recent strengthening of the US Dollar has played a significant role in this shift, prompting traders to reassess their positions.
As market participants await the release of the US Consumer Price Index (CPI), the exchange rate dynamics between the Australian Dollar and the USD remain in focus. The upcoming economic data is anticipated to provide further insight into inflation trends and influence the Federal Reserve's monetary policy, which could have broader implications on the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 13:34
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.