The AUD/USD pair has declined in the Monday session, following consistent gains in the US Dollar.
AUD/USD value has dropped due to consistent gains in the US Dollar. Monetary policy divergence between the RBA and the Fed could provide some relief to AUD/USD. Uncertainty surrounding China's economic outlook and stimulus efforts remains a key challenge for the Aussie. The pair fell by 0.80% to 0.6655 at the time of writing. The declines in the Aussie have been attributed to concerns over China's stimulus measures and recent weakness in copper prices.
Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia influences the Australian Dollar by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole.
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