USD Consolidates at Lows, AUD Supported by Multiple Factors for a Modest Uptrend
Summary: This week, global economic turbulence intensified, with the U.S. dollar remaining in a low consolidation range, while the Australian dollar fluctuated around 0.63. Signs of economic recovery in Australia, along with an improvement in consumer confidence, contributed to market optimism. Looking ahead, the AUD is expected to maintain a modest uptrend, supported by U.S. policy uncertainty and interest rate differentials, with a low likelihood of a sharp decline in the near term.
