Australian Dollar News & Analysis Today

Australian Dollar Forecast: AUD/USD Tests 0.6600 as US Labor Data and RBA Outlook Weigh on Aussie

The Australian dollar is losing ground against the US dollar in the AUD/USD pair, extending losses after the previous day’s corrective move. The instrument is testing the 0.6600 level for a downside breakout as investors assess November private sector credit data, which showed annual growth edging up from 7.3% to 7.4%, while the monthly figure slowed from 0.7% to 0.6%, outperforming expectations of 0.2%.