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BTCC / BTCC Square / Global Cryptocurrency /
AUD/USD Holds Steady at $0.6412 Amid Stronger-Than-Expected Australian CPI Data

AUD/USD Holds Steady at $0.6412 Amid Stronger-Than-Expected Australian CPI Data

Author:
Global Cryptocurrency
Published:
2025-04-30 06:05:01
11
3

The Australian dollar maintains its position at $0.6412, buoyed by an inflation report that exceeded market expectations. The resilience in price pressures suggests the Reserve Bank of Australia may prolong its current monetary policy stance, delaying potential rate cuts. This development lends support to the Aussie’s valuation in the near term.

Market participants are now pivoting to upcoming U.S. economic indicators, particularly the PCE data, which could introduce fresh volatility to the AUD/USD pair. Technical analysis reveals the currency pair is exhibiting bullish signals, with traders eyeing key resistance levels for breakout opportunities.

|Square

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