AUDUSD Remains Steady Post US GDP and Australia Inflation Data
The Australian dollar showed little change on Thursday as market participants focused on the U.S. dollar alongside recent economic data from the United States and Australia. The AUDUSD pair was trading at 0.6410, significantly higher than its year-to-date low of 0.5918.
Economic indicators from both regions are vital as they could shape future movements for this currency pair.
Analysts encourage traders to consider the implications of these economic developments on AUDUSD’s performance going forward.