Positive Momentum for AUD: Overview for December 12, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSD_10-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="AUD/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>Despite varied statistics, the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD/USD</a> pair is resuming its upward trajectory.</p>

<p>The Australian dollar, in tandem with the US dollar, is displaying strength this Tuesday, with the current AUD/USD exchange rate at 0.6593.</p>

<p>The morning data from Australia painted a mixed picture. On the positive side, the Westpac consumer sentiment index for December saw a 2.7% increase, bouncing back from a previous dip of 2.6%. This development is likely attributed to a slowdown in <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a>, offering a positive note.</p>

<p>However, the NAB business confidence index took an unexpected downturn to -9 points in November from the preceding -3 points. This decline raises eyebrows, especially during Australia's peak business season.</p>

<p>In summary, the AUD is evidently leveraging a hiatus in the USD strengthening trend, consolidating and strengthening its position.</p>

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