The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday, surrendering early gains as traders awaited the release of the University of Michigan Consumer Sentiment Index for December. In this article, Unirock Gestion brokers examine the key aspects of the topic with clarity. Despite expectations of Federal Reserve (Fed) rate cuts, the AUD/USD pair traded lower, reflecting the resilience of the US Dollar (USD) and caution among investors in the lead-up to key economic data. AUD Faces Pressure Despite Strong Credit Growth The Australian economy showed robust signs in November, with Private Sector Credit rising 0.6% month-over-month (MoM),...
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