AUD/USD has extended its decline, currently trading at approximately 0.6690, down 0.40% for the day. This pullback follows a recent peak, marking a more-than-one-year high. The currency pair's downward movement is largely attributed to a shrinking Australian trade surplus and a slowdown in inflation, which have raised concerns about the strength of the Australian economy.
Market analysts are closely monitoring the implications of these economic indicators on the AUD/USD exchange rate. A weaker trade surplus can lead to a diminished demand for the Australian dollar, while inflation moderation may impact monetary policy expectations. As traders assess these developments, the market remains sensitive to any further shifts in economic data that could influence the currency pair's trajectory in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 18:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.