The Australian Dollar (AUD) extends its decline on Thursday.
The Australia n Dollar remains under selling pressure in Thursday’s Asian session. The firmer USD and lack of further China’s stimulus measures drag the pair lower. The US CPI inflation data will be in the spotlight on Thursday. The Australia n Dollar extends its decline on Thursday. The stronger US Dollar amid rising speculation of a 25 basis points rate cut by the Federal Reserve in November undermines the Aussie.
On the other hand, the high of September 6 at 0.6767 acts as an immediate resistance level of the pair. Further north, the next upside barrier is seen at 0.6823, the high of August 29, followed by 0.6942, the high of September 30. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar is the level of interest rates set by the Reserve Bank of Australia .
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