The Australian Dollar (AUD) is showing little movement against the US Dollar (USD) on Tuesday, remaining steady after two days of modest gains. As traders exercise caution, the exchange rate hovers near key levels, with the market holding its breath ahead of the November Consumer Price Index (CPI) release, scheduled for Wednesday.
This reluctance to trade aggressively reflects broader concerns about inflation and its potential impact on monetary policy. With the AUD/USD pair maintaining a tight range, market participants are likely weighing the implications of the upcoming CPI data, which could influence future trading strategies in both the Australian and US markets. As anticipation builds, all eyes will be on the inflation figures and their effects on the currency pair's dynamics.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 04:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.