The AUD/USD pair attracts some dip-buyers on Thursday and sticks to its modest intraday gains, around the 0.6520 area during the first half of the European session.
AUD/USD regains positive traction following the overnight pullback from a one-week top. A softer USD and a positive risk tone benefit the Aussie amid the RBA ’s hawkish stance. Traders look to the US macro data and the Fed speaks for some meaningful opportunities. The AUD/USD pair attracts some dip-buyers on Thursday and sticks to its modest intraday gains, around the 0.6520area during the first half of the European session.
Meanwhile, expectations for a less dovish Federal Reserve should continue to act as a tailwind for the USD and hold back traders from placing aggressive bullish bets around the AUD/USD pair. In fact, the markets are now pricing in just over a 50% chance that the US central bank will lower borrowing costs by 25 basis points in December amid expectations that Trump's taunted tariffs and tax cuts could reignite inflation.
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