The Australian Dollar (AUD) continues its losing streak on Thursday following the Reserve Bank of Australia (RBA)'s less hawkish stance, especially after last week's inflation data exceeded predictions.
The Australia n Dollar extends its losses due to a less hawkish stance by the RBA. Australia n Retail Sales declined in the first quarter, swinging from the previous quarter’s growth. The US Dollar appreciated due to the sentiment of the Fed maintaining higher interest rates for an extended period. The Australia n Dollar continues its losing streak on Thursday following the Reserve Bank of Australia 's less hawkish stance, especially after last week's inflation data exceeded predictions.
If the pair breaches below the EMA, it could face additional selling pressure, potentially targeting the region around the lower boundary of the symmetrical triangle near the level of 0.6465. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of the Australian Dollar against listed major currencies today. The Australian Dollar was the weakest against the Pound Sterling. USD EUR GBP CAD AUD JPY NZD CHF USD 0.00% -0.01% 0.00% -0.01% 0.12% 0.00% 0.
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