The Australian Dollar (AUD) remains under pressure following Tuesday's release of the Reserve Bank of Australia's (RBA) November Meeting Minutes.
The Australia n Dollar holds losses despite the RBA Minutes highlighting the need for restrictive monetary policy. RBA Board members also emphasized that nothing can be ruled in or out regarding future monetary policy adjustments. The US Dollar may appreciate as the incoming Trump administration is expected to prioritize tax cuts and higher tariffs. The Australia n Dollar remains under pressure following Tuesday's release of the Reserve Bank of Australia 's November Meeting Minutes.
However, employment change data revealed only 15.9K new jobs added in October, which fell short of the anticipated 25.0K. Australia's Consumer Inflation Expectations dropped to 3.8% in November, down from 4.0% in the previous month, reaching the lowest level since October 2021. Australian Dollar tests 0.6500, with the next key resistance located at the nine-day EMA The AUD/USD pair hovers near 0.
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