The Australian Dollar increased against the US Dollar during European trading above 0.6210 levels.
The Australian Dollar is steadily recovering in early 2025, driven primarily by stronger commodity prices and reports suggesting that the People’s Bank of China might lower interest rates this year. China, being Australia’s key trading partner, plays a significant role in this development. In Australia, no data releases will be posted today. In the US, ISM Manufacturing PMI for December (48.2 exp) and ISM Manufacturing Prices for December (51.5 exp) will be released (3:00 GMT).