The Australian Dollar (AUD) extended its winning streak against the US Dollar (USD) on Wednesday, marking the third consecutive session of gains for the AUD/USD currency pair. This uptick comes as the Greenback continues to weaken amid growing concerns about the economic implications of US actions in Greenland. As a result, the exchange rate for AUD/USD has shown resilience, reflecting broader market sentiment.
The rise in the Australian Dollar can also be attributed to the increase in the Westpac Leading Economic Index for December, which signals potential economic growth. Traders are closely monitoring this trend, as it might influence future trading strategies. The AUD's strength against the USD is seen as a positive development, potentially impacting cross-currency pairs like EUR/AUD and USD/EUR as markets adjust to the shifting dynamics.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-21 03:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.