The AUD/USD currency pair corrected slightly to near 0.6400 during European trading hours on Tuesday. Earlier in the session, the pair had reached a fresh four-month peak at 0.6440. This retracement indicates the U.S. dollar’s attempts to stabilize after weeks of decline.

As traders digest recent economic data and market sentiments, all eyes are on whether the U.S. dollar can regain strength. A focus remains on upcoming U.S. economic indicators that may shape market direction. Investors should watch for signs of reversal as the dollar seeks to gain traction against the Australian dollar.

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