The Australian Dollar is forecasted to continue its downward trend against the US Dollar, with the AUD/USD pair approaching its yearly low. The Reserve Bank of Australia (RBA) is set to make its policy decision soon, which could further impact the exchange rate. Traders are keeping a close eye on the RBA’s decision and any potential changes in monetary policy. The AUD/USD pair is currently facing pressure amid global economic uncertainties and a stronger US Dollar. Investors are advised to stay informed and cautious when trading the Australian Dollar.
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