AUD/USD Steadies Near 0.7060 Ahead of RBA Decision
The Australian dollar held ground on Tuesday, trading around 0.7060 as markets awaited the Reserve Bank of Australia’s rate decision.
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AUD/USD regained poise during Asian trading after posting modest losses on Monday. The pair was changing hands near 0.7060, supported by a firmer tone in the Australian dollar.
Traders are focused on the upcoming Reserve Bank of Australia policy announcement, which is widely expected to shape near-term direction. Positioning remains cautious ahead of the decision.
Source: FXStreet Forex News