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    AUD/USD slumps to near 0.6550 as Trump trades swell, US inflation in focus

    Author AvatarBy Ruby Chambers No Comments 11 Mins Read
    • AUD/USD stumbles to near 0.6550 as the US Dollar extends its rally on so-called ‘Trump trades’.
    • Investors await the US inflation data for October, which will be published on Wednesday.
    • The RBA is expected to maintain its interest rates at its current levels by the year-end.

    The AUD/USD pair falls sharply to near 0.6550 in North American trading hours on Tuesday. The Aussie pair weakens as traders ramp up their bets in those assets that are expected to perform better in US President-elected Donald Trump’s administration. The US Dollar (USD) has been one of the key beneficiaries of

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    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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