The AUD/USD pair softens to near 0.6210 during the early Asian session on Monday.
AUD/USD edges lower to 0.6210 in Monday’s early Asian session. Fed officials said the job is not done on inflation. The Aussie remains under pressure amid expectations of RBA rate cuts and Trump tariff threats. The rising bets that the Reserve Bank of Australia will be compelled to start cutting interest rates exert some selling pressure on the Australian Dollar . The Chinese December Services Purchasing Managers Index will be the highlight later on Monday.
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. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down.
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