AUD Regains Strength – Review for July 26, 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" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD/USD</a> pair shows signs of recovery amid a decline in the US dollar.</p>

<p>The Australian dollar has found stability against the US dollar, with the current AUD/USD quote at 0.6804.</p>

<p>The Aussie experienced a rebound following the US Federal Reserve's decision to raise 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> by 25 basis points to 5.5% per annum. While the overall currency market did not receive an entirely positive signal, the US dollar weakened while other currencies appreciated.</p>

<p>The upcoming meeting of the Reserve Bank of Australia is scheduled for August 1st, where the interest rate is expected to remain unchanged at 4.1% per annum.</p>

<p>Simultaneously, the market is reevaluating the peak value of the RBA rate, which is now anticipated to be 4.30% instead of the previously projected 4.45%. The published statistics appear sufficient for the RBA to hold back from calling for an increase in borrowing costs next week.</p>

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