Ella 
The Australian dollar (AUD) pared some of its intraday losses and helped AUD/USD rebound around 35-40 pips from around 0.6400, or its lowest levels since August 5. However, any meaningful rebound appears elusive, driven by growing bets on an early interest rate cut by the Reserve Bank of Australia (RBA) and weaker domestic growth data released earlier on Wednesday.
Beyond this, concerns over the fragility of China’s economic recovery, impending tariffs from US President-elect Donald Trump, and worries about a trade war should limit AUD/USD moves. Traders may also choose to wait for a speech from Federal Reserve Chairman Jerome Powell to understand the path of future rate cuts. The outlook will drive demand for the U.S. dollar (USD) and provide fresh momentum for AUD/USD.
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