The AUD/USD currency pair slipped to around 0.6700 during the European trading session on Tuesday, reflecting a slight downturn amid rising strength in the US Dollar (USD). Traders are cautious ahead of the crucial Consumer Price Index (CPI) data for December, set to be released at 13:30 GMT, which may influence market sentiment and trading strategies.
As the market anticipates the upcoming inflation figures, fluctuations in the exchange rate are expected. A higher-than-expected CPI could bolster the USD further, potentially driving the AUD/USD pair lower. Conversely, weaker inflation data might provide support for the Australian Dollar (AUD), leading to a rebound in the pair. Market participants remain vigilant as they navigate these developments.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 08:59
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.