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Forex

AUD/USD Pulls Back from June High Amid Stronger US Dollar

Guavy AI Editorial Team
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USD AUD
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The AUD/USD pair has retreated from its June high of around $0.7100, currently trading at approximately $0.7065 as of June 2025.

This pullback is attributed to a firmer US dollar, driven by stronger-than-expected US economic data in the services sector and a reduced probability of Federal Reserve rate cuts.

The Australian dollar's uptrend remains intact due to resilient commodity prices and a hawkish Reserve Bank of Australia (RBA) stance, which has maintained the cash rate at 4.35% despite softer domestic data.

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