AUD/USD SEES MINOR LOSSES AMID US ECONOMIC DATA, AHEAD OF POWELL’S TESTIMONY

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  • AUD/USD dips 0.06%, peaking at 0.6521, swayed by recent US S&P Global and ISM reports.
  • Australia's Q4 GDP forecast: steady quarterly growth, but slower annual expansion anticipated.
  • Fed Chair Powell's testimony awaited, likely emphasizing caution on inflation and job market.

The AUD/USD is set to finish Tuesday’s session with minimal losses of 0.06% after hitting a daily high of 0.6521 amid soft business activity data in the United States (US), revealed by S&P Global and the Institute for Supply Management (ISM). At the time of writing the pair exchanges hands at 0.6495.


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