The AUD/USD currency pair has corrected to approximately 0.6700 during the European trading session on Monday, pulling back from an over-a-year high of 0.6727 reached earlier in the day. This movement comes as traders react to shifting market sentiments amid expectations of a hawkish stance from the Reserve Bank of Australia (RBA).
Despite the retracement, the outlook for the Australian dollar remains robust, supported by strong economic fundamentals and rising interest rate bets. As the currency pair navigates this fluctuation, market participants are closely monitoring developments in the USD, which remains a pivotal factor influencing exchange rates globally. The resilience of the AUD in the face of this correction suggests ongoing confidence in its strength against the backdrop of anticipated RBA policy shifts.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.