The Australian Dollar (AUD) to US Dollar (USD) exchange rate retraced some of the losses from the previous day, which were influenced by a broader sell-off in risk assets. Analysts at BBH note that despite the market’s volatility, the Reserve Bank of Australia (RBA) has opted to maintain the cash rate target. This decision reflects the current economic landscape and suggests a steady approach toward monetary policy amidst fluctuating market conditions. Traders may want to monitor upcoming economic indicators that could influence the AUD/USD dynamics.