AUD/USD holds positive ground near 0.6400 as traders await RBA rate decision

Mitrade
coverImg
Source: Shutterstock
  • AUD/USD trades in positive territory near 0.6400 in Monday’s early Asian session. 

  • US Nonfarm Payrolls was stronger than expected in November, rising by 227,000 vs. 36,000 prior. 

  • The RBA is expected to hold the interest rate steady at 4.35% at its meeting on Tuesday.


The AUD/USD pair gains ground to around 0.6400 on the weaker US Dollar (USD) during the Asian session on Monday. There are no Federal Reserve (Fed) speakers this week due to the media blackout. All eyes will be on the Reserve Bank of Australia (RBA) interest rate decision on Tuesday, with no change in rates expected. 

Data released by the US Bureau of Labor Statistics (BLS) on Friday showed that the US Nonfarm Payrolls (NFP) increased by 227,000 in November, compared with an upwardly revised 36,000 in October. This reading came in better than the estimation of 200,000. Meanwhile, the Unemployment Rate ticked up to 4.2% in November from the previous reading of 4.1%. 


Several Fed officials have spoken over the past few weeks, and there is near unanimity that the labor market is cooling but healthy. The Greenback edged lower with the immediate reaction to Nonfarm Payrolls data. Financial markets are now pricing in nearly 70% odds of a 25 basis points (bps) rate cut by the Federal Reserve (Fed) at the upcoming meeting on December 17-18, according to the CME FedWatch tool.

 On the Aussie front, the Australian central bank is anticipated to keep the benchmark interest rate steady at 4.35%. RBA Governor Bullock said earlier this month that “underlying inflation is still too high to be considering lowering the cash rate target in the near term.” However, Australia’s Q3 GDP growth report was weak and suggests a dovish surprise cannot be ruled out. 

 The market has brought forward the timing of the first rate cut to April versus May before. Market players will keep an eye on the RBA Press Conference. The dovish comments from the policymakers could exert some selling pressure on the Aussie against the USD. 

Read more

  • Gold Price Forecast: Why Did Gold Rebound After September PPI Rose by Most in Nearly Four Years?
  • * The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

    goTop
    quote
    Related Articles
    placeholder
    Brent slips from $110 as Russian supply prospects return — is the five-month rally over?Brent crude traded near $108.06 on Monday (-1.71%), pulling back from last week's $110 high after Washington moved to ease restrictions on Russian oil flows. WTI hovered around $101 before dipping below $99. The retreat is real, but so is the supply-risk premium: Hormuz shipping disruptions, attacks on Saudi energy infrastructure and strikes on Russian refineries remain live. Here are the three numbers, the transmission chain and the levels that matter.
    Author  Irene Q.
    11 hours ago
    Brent crude traded near $108.06 on Monday (-1.71%), pulling back from last week's $110 high after Washington moved to ease restrictions on Russian oil flows. WTI hovered around $101 before dipping below $99. The retreat is real, but so is the supply-risk premium: Hormuz shipping disruptions, attacks on Saudi energy infrastructure and strikes on Russian refineries remain live. Here are the three numbers, the transmission chain and the levels that matter.
    placeholder
    Gold retests $4,200 as dollar and yields retreat — can bullion clear its hardest level?Spot gold traded near $4,175 on Monday (+0.23%), with an intraday high of $4,187.71 after last week's $4,073 ~ $4,217 range; COMEX futures briefly topped $4,200. The dollar slipped to 101.76 and 10-year yields eased from their highs, but October Fed hike odds near 52% and BofA's sub-$4,000 call still cap the upside. Here are the drivers, the levels and what would flip the script.
    Author  Irene Q.
    11 hours ago
    Spot gold traded near $4,175 on Monday (+0.23%), with an intraday high of $4,187.71 after last week's $4,073 ~ $4,217 range; COMEX futures briefly topped $4,200. The dollar slipped to 101.76 and 10-year yields eased from their highs, but October Fed hike odds near 52% and BofA's sub-$4,000 call still cap the upside. Here are the drivers, the levels and what would flip the script.
    placeholder
    Gold defends $4,100 as BofA targets a break below $4,000 — why the Middle East bid is missingSpot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.
    Author  Irene Q.
    Oct 15, Thu
    Spot gold flushed to $4,099.89, a whisker above October's $4,090 low, then rebounded to close at $4,138.25 (+0.82%) — even as US CPI ran hot. Bank of America sees gold below $4,000 within three months, citing shrinking demand and official-sector selling. Here are the levels, the drivers and what would flip the script.
    placeholder
    US September CPI recap: inflation hits 3.7% as core runs hot — is an October Fed hike back on the table?September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
    Author  Irene Q.
    Oct 15, Thu
    September CPI landed hot: headline 3.7% y/y, core 2.6% y/y and 0.3% m/m. October hike odds jumped from ~22% to ~37% — yet the dollar faded to 101.74, gold closed higher and the S&P 500 fell 1.11%. Here is the full repricing, the levels and what to watch next.
    placeholder
    US September CPI Preview: Inflation May Heat Up, How Will US Stocks, Dollar and Gold React?The U.S. will release its September CPI data on Wednesday (October 14) Eastern Time, which will be one of the most important inflation reports ahead of the Federal Reserve's October 27-28
    Author  TradingKey
    Oct 13, Tue
    The U.S. will release its September CPI data on Wednesday (October 14) Eastern Time, which will be one of the most important inflation reports ahead of the Federal Reserve's October 27-28
    Live Quotes
    Name / SymbolChart% Change / Price
    AUDUSD
    AUDUSD
    0.00%0.00

    USD Related Articles

    • Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's Outlook
    • Best Currency Pairs To Trade 2026: Guide to Choosing Currency Pairs
    • Trading Chart Patterns:Ultimate Guide to Price Action
    • Australian Dollar Forecast In 2024/2025/2026: Should I Buy AUD/USD Or Other AUD Currency Pairs?
    • AUD/USD holds above 0.6500, eyes on RBA Minutes

    Click to view more