AUD/USD declines further to near 0.6460 on weak Aussie job data, firm USD

The AUD/USD pair extends its downside journey to near 0.6460 in European trading hours on Thursday.

AUD/USD posts a fresh three-month low near 0.6460 as the US Dollar continues to move higher. Trump’s clean sweep will allow him to implement policies without interruption. RBA Bullock favored keeping interest rates at their current levels as inflation is still not under control. The Aussie pair prints a fresh three-month low on multiple headwinds, weak Australian Employment data for October, and the upbeat US Dollar . Australian labor market data showed that the economy added 15.

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. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down.

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