The Australian Dollar weakens for a third day amid Fed hawkishness and upcoming economic data from China and the RBA.
AUD/USD extends losses for a third straight session, trading near 0.6870 in Asian hours. The decline comes as the US Dollar strengthens on rising expectations of prolonged Federal Reserve hawkishness.
Investors await the Reserve Bank of Australia’s meeting minutes and China’s Purchasing Managers’ Index data, both due later this week. The pair has faced pressure amid broader USD strength and concerns over China’s economic outlook.
No immediate market reaction was reported, with focus shifting to upcoming data releases for further direction.