AUD/USD CREEPS LOWER AHEAD OF RBA’S DECISION, FED MEETING IN FOCUS
- AUD/USD sees slight decline as markets gear up for the Reserve Bank of Australia's upcoming rate decision.
- US Treasury yields rise, boosting the Dollar, as anticipation builds for the Federal Reserve's policy announcement.
- The RBA is expected to hold rates unchanged amid mixed opinions among economists on the central bank's first rate cut.
The Australian Dollar begins the Asian session, clocking minuscule losses of 0.02% against the US Dollar as market participants prepare for the Reserve Bank of Australia (RBA) monetary policy decision. On Monday, the AUD/USD was virtually flat, though at the time of writing, it trades at 0.6559, down 0.01%.
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