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AUD/USD is down 0.41% this week and is trading just below its 200-day moving average.
U.S. economic data was mixed, with leading economic indicators improving slightly.
The market maintains economic and inflation concerns, with US GDP estimates and Australia’s NAB business confidence index likely to influence the trend of AUD/USD.
After the opening of the Asian market on Tuesday, the Australian dollar/US dollar expanded its losses for the second consecutive day. The Australian dollar/US dollar fell by 0.02%. In addition to the 0.39% decline on Monday, the cumulative decline this week was 0.41%. At press time, the pair was trading at 0.6568, having previously hit a one-week high of 0.6570.
