The AUD/USD pair attracts sellers for the third successive day on Tuesday and slides back below mid-0.6500s during the first half of the European session.
AUD/USD remains under some selling pressure for the third straight day amid a bullish USD. Fears about Trump’s potential protectionist tariffs on China further undermine the Aussie. The technical setup favors bearish traders and supports prospects for further near-term losses.
Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia influences the Australian Dollar by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole.
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