AUD Resilience Hinges on Upcoming Data and RBA Policy

The Australian Dollar (AUD) has maintained its strength against the US Dollar (USD), thanks to a combination of factors.

A strong economy and cautious Federal Reserve policy have contributed to the AUD's resilience, despite expectations that the Reserve Bank of Australia (RBA) may also keep rates high.

The key for the AUD will be upcoming US inflation data and the RBA's next policy meeting. Analysts say if the US data comes in hot, the USD could strengthen, putting pressure on the AUD.