The Australian Dollar (AUD) extends its gains against the US Dollar (USD) for the second session on Monday.
The Australia n Dollar gains ground as the RBA is expected to hold interest rates next week. National Australia Bank anticipates that the RBA’s cash rate will remain stable at 4.35% until May 2025. The US Dollar loses ground as the Fed is expected to deliver three rate cuts this year. The Australia n Dollar extends its gains against the US Dollar for the second session on Monday. This upside is attributed to the hawkish sentiment surrounding the Reserve Bank of Australia ’s policy stance.
A break above this level could lead the pair to test the upper boundary of the descending channel around the psychological level of 0.6700, with a potential aim for a six-month high of 0.6798. AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.09% -0.11% -0.20% -0.10% -0.23% -0.13% -0.12% EUR 0.
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