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Australian Dollar Falls as US Dollar Strengthens: What happened: The Australian dollar dropped for the fifth day in a row against the US dollar. The US dollar is getting stronger because the Federal Reserve isn't planning to cut interest rates anytime soon. Why the Australian dollar is falling: The US Federal Reserve kept rates steady (neutral stance), which makes the US dollar more attractive. Australia's economy showed mixed signals manufacturing improved slightly, but services and overall activity weakened. Why it might stop falling soon: Australia's central bank (RBA) might raise interest rates as early as February because prices keep rising. Banks like Commonwealth and NAB now expect rate hikes sooner than before. Higher Australian rates could make the AUD more attractive to investors. Bottom line: The Australian dollar is weak right now because the US dollar is strong. But don't expect it to fall much further hints of upcoming rate hikes in Australia could turn things around soon. 📊 #MEGAFUSION安汇# #trading# #COPYTRADE#

Shanu

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Shanu

US Dollar Index Holds Steady Near 99.50 as Fed Rate Cut Expectations Fade The US Dollar Index is trading with minimal movement, hovering around the 99.50 level. This stability comes as market participants increasingly scale back their expectations for an imminent interest rate cut from the Federal Reserve. Shifting Rate Expectations According to the CME FedWatch Tool, the probability of a 25-basis-point rate cut in December has fallen to just 49%. This diminishing likelihood is providing underlying support for the US dollar. Traders are now looking ahead to the crucial September Nonfarm Payrolls report, scheduled for release on Thursday. This key employment data is highly anticipated, as it is expected to provide fresh guidance on the health of the US economy and the subsequent monetary policy outlook from the Fed.

Shanu