The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Tuesday, extending its upward trend for the third consecutive day. As geopolitical tensions ease, traders are optimistic about the AUD’s performance, particularly ahead of the highly anticipated November Consumer Price Index (CPI) report set to be released on Wednesday. Current exchange rates reflect this positive sentiment, with the AUD/USD trading higher.
Market participants are closely monitoring the upcoming CPI data, which could provide insights into inflation trends in Australia and influence future monetary policy decisions. With the USD facing pressure amid tapering risk aversion, the Australian Dollar's gains may continue if the CPI report meets or exceeds expectations, potentially impacting the broader currency market, including pairs such as AUD/EUR and AUD/JPY.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 07:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.