AUD/USD Current Price: 0.6483 Chinese positive news maintained AUD/USD afloat at the beginning of the day. Falling United States stocks undermined commodity-linked currencies. AUD/USD maintains its bearish stance ahead of the Asian opening. The Australian Dollar plummeted against its American rival at the beginning of the week, with the pair heading into Tuesday's opening trading near the March low at 0.6476.
The ANZ Job Advertisements report will also be on the docket, while the Reserve Bank of Australia will release the March Commodity Index SDR and the minutes of the March Meeting. Back then, Australian policymakers held the Cash Rate steady at 4.35% and reaffirmed their commitment to bring inflation back to target. The Board needs to be confident that inflation is moving sustainably towards the target range.
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