AUD/USD rebounded from multi-week lows in the sub-0.6400 area. The Dollar’s rally faltered near recent highs. The Australia n labour market report is due on Thursday. The Australia n Dollar reversed three consecutive declines on Wednesday, driven by the corrective knee-jerk in the Greenback, prompting AUD/USD to revisit the 0.6435–0.6440 band.
It's worth noting that the RBA, along with the Fed, is among the last G10 central banks expected to contemplate interest rate adjustments this year. Given the Fed's firm stance on tighter monetary policies and the potential for the RBA to initiate an easing cycle later in the year, the AUD/USD pair is likely to face sustained downward pressure in both the short and medium terms.
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