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Australian Dollar steadies despite a market caution ahead of US CPI

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The Australian Dollar (AUD) hovers against the US Dollar (USD) on Wednesday after experiencing losses in the previous session.

The Australian Dollar may decline due to market caution ahead of the US November Consumer Price Index data. The AUD depreciated after the RBA maintained its interest rates at 4.35% in December. The US CPI and core inflation are estimated to rise to 2.7% and 3.3%, respectively, year-over-year in November. The Australian Dollar hovers against the US Dollar on Wednesday after experiencing losses in the previous session. The AUD/USD pair faced challenges, driven by the broadly stronger US dollar .

6449, which aligns closely with the upper boundary of the descending channel. A decisive breakout above this channel could pave the way for a potential rally toward the seven-week high of 0.6687. AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.06% -0.04% -0.11% -0.05% -0.01% -0.02% 0.

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