The Australian Dollar (AUD) exhibits positive momentum, continuing to build on the gains from the previous session. The Aussie pair received upward supp
Australian Dollar receives upward support after witnessing solid growth in the country’s exports. Australia's Trade Balance reached 9,640 million, surpassing market expectations of 8,725 million. US Dollar pulls back after the weaker employment data on Wednesday. ort due to the correction in US Dollar , following the decline in US Treasury yields.
On the downside, the major level at 0.6300 emerges as the immediate support, followed by November's low at 0.6272. AUD/USD: Daily Chart RBA FAQs What is the Reserve Bank of Australia and how does it influence the Australian Dollar? The Reserve Bank of Australia sets interest rates and manages monetary policy for Australia. Decisions are made by a board of governors at 11 meetings a year and ad hoc emergency meetings as required.
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