AUD/USD extends the losses on the second day, trading sideways around 0.6410 during the European session on Thursday. The US Federal Reserve’s (Fed) h
However, Investors’ attention has been shifted towards the upcomingfrom the United States and Australia. These data include the US weekly Initial Jobless Claims, the Philadelphia Fed Manufacturing Survey, and the change in Existing Home Sales due for Thursday.
Additionally, market speculations that the Reserve Bank of Australia may have concluded its cycle of interest rate hikes, which contributes support to the prevailing bearish sentiment surrounding the Aussie pair. The US Dollar Index , which gauges the Greenback's performance against six other major currencies, has extended its gains and is trading at a six-month high of around 105.50.
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