AUD Enters Positive Territory: Overview for January 10, 2024

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSD_4-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="AUD/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD/USD</a> pair is on the rise despite <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> concerns.</p>

<p>The Australian dollar, in tandem with the US dollar, has shifted into positive territory, with the current AUD/USD exchange rate at 0.6701.</p>

<p>The Aussie has rebounded from its four-week low, demonstrating resilience even in the face of recent inflation data indicating a cooling trend in prices.</p>

<p>In November, Australia's Consumer Price Index (<a href="https://blog.roboforex.com/blog/2021/08/25/what-is-consumer-price-index-and-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a>) recorded a 4.3% year-over-year increase, showing a deceleration compared to the 4.9% uptick in October. This represents the slowest pace since January 2022.</p>

<p>Despite the slowdown, it seems the Reserve Bank of Australia may not find it necessary to further increase the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a>, especially given the robust performance of the services sector. The current interest rate stands at 4.35% per annum.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2024/01/10/aud-enters-positive-territory-overview-for-january-10-2024/">AUD Enters Positive Territory: Overview for January 10, 2024</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>