Live Updates > Live Update Details
2025-11-03 11:20:58
[Australian Dollar Rises Slightly Against US Dollar, Awaiting RBA Decision] 1. The Australian dollar rose slightly by 0.05% against the US dollar on Monday, with thin trading as investors closely watched the Reserve Bank of Australia's (RBA) interest rate decision due on Tuesday. The market widely expects the central bank to maintain its benchmark interest rate, making the wording of the policy statement a key focus. 2. Positive Australian economic data released today showed signs of recovery: September building permits surged 12.0% month-on-month, significantly exceeding market expectations of 5.0%; household spending rose 0.2% month-on-month and 5.1% year-on-year, demonstrating resilience. Meanwhile, the US dollar index continued its upward trend since October 29, accumulating a gain of 1.2%, mainly due to the weakening of market expectations for a December rate cut caused by internal policy disagreements among Federal Reserve officials. 3. Technically, the Australian dollar maintains its upward trend since October 17, but a new catalyst is needed for a significant breakout. The current Asian trading range is between 0.6538 and 0.6491, with support levels at 0.6440 and 0.6415, and resistance levels at 0.6630 and 0.6707.
