The Australian Dollar (AUD) continues to weaken against the US Dollar (USD) for the third straight day, driven by lower-than-expected Consumer Price Index (CPI) data from Australia. The release of softer CPI figures, along with increased risk aversion due to potential US tariffs, pushed the AUD lower. Traders anticipate the Fed to maintain its policy rate within the target range of 4.25%-4.50%.
The Australian Dollar depreciates following the release of softer CPI data on Wednesday. Australia’s Monthly CPI for December 2024 increased by 2.5% YoY, remaining within the RBA target range of 2-3%. Traders expect the Fed to maintain its policy rate within the target range of 4.25%-4.50%. The Australian Dollar extends its losses for the third consecutive day against the US Dollar , driven by lower-than-expected Consumer Price Index data from Australia released on Wednesday.
6250 after breaking below ascending channel The AUD/USD pair trades near 0.6230 on Wednesday, having broken below the ascending channel on the daily chart, signaling a shift toward a bearish bias. Additionally, the 14-day Relative Strength Index has dropped below the 50 level, reinforcing the bearish sentiment in the market. A decisive break below the key support zone at the lower boundary of the ascending channel has further strengthened the bearish outlook.
AUSTRALIAN DOLLAR US DOLLAR CPI FED TARIFFS RBA
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