The post AUD/USD declines from two-week high around 0.6300, US CPI in focus appeared on BitcoinEthereumNews.com.

AUD/USD falls to near 0.6270 as the Australian Dollar weakens on RBA dovish bets and potential US-China trade war. Investors await the US inflation data, which will influence the Fed’s interest rate outlook. Fed Powell said on Tuesday that there is no rush for interest rate cuts. The AUD/USD pair faces sharp selling pressure after failing to break above the key resistance level of 0.6300 in Wednesday’s European session. The Aussie pair is down 0.26% to near 0.6270, while the US Dollar Index (DXY) is broadly sideways around 108.00, at the press time. Such a scenario indicates significant weakness in the Australian Dollar (AUD). Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.10% 0.00% 0.69% 0.16% 0.34% 0.35% -0.27% EUR 0.10%   0.11% 0.78% 0.26% 0.44% 0.46% -0.16% GBP -0.01% -0.11%   0.67% 0.16% 0.33% 0.35% -0.27% JPY -0.69% -0.78% -0.67%   -0.53% -0.34% -0.34% -0.95% CAD -0.16% -0.26% -0.16% 0.53%   0.19% 0.19% -0.43% AUD -0.34% -0.44% -0.33% 0.34% -0.19%   0.02% -0.61% NZD -0.35% -0.46% -0.35% 0.34% -0.19% -0.02%   -0.62% CHF 0.27% 0.16% 0.27% 0.95% 0.43% 0.61% 0.62%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). The antipodean falls sharply amid firm expectations that the Reserve Bank of Australia (RBA) will reduce interest rates next week. This…

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Filed under: News - @ February 12, 2025 12:24 pm