The Australian Dollar (AUD) has slipped against the US Dollar (USD) on Thursday, erasing gains earlier in the week. The AUD/USD pair traded down by 0.50%, hovering close to 0.6420 during European trading hours. This decline comes ahead of key economic data releases, including US PMI data, which investors are keenly watching. Factors such as market sentiment and adjustments in economic forecasts are influencing this exchange rate. Traders are closely observing the situation as they prepare for potential volatility surrounding the economic announcements.