The AUD/USD pair held its position near 0.6250 on Monday as traders braced for the release of the Reserve Bank of Australia’s (RBA) meeting minutes. With minimal movement in early trading, market participants are closely watching for clues on the central bank’s future monetary policy direction amid ongoing inflationary pressures.
Investors are particularly focused on whether the RBA signals a continuation of its tightening cycle after the recent rate pause. The Australian dollar’s resilience comes despite broader global risk-off sentiment, as concerns over slowing global growth and persistent geopolitical tensions weigh on risk assets.
The RBA’s minutes, due Tuesday, could provide insight into the board’s deliberations, shedding light on the bank’s inflation outlook and economic growth expectations. A hawkish tone may bolster the Australian dollar, while dovish commentary could see the pair test fresh lows.
