⚡ Australian Dollar declines ahead of RBA Meeting Minutes, China’s PMI data

**BREAKING: Australian Dollar Extends Losses as Fed Hawkishness Weighs on Risk Sentiment**

The Australian Dollar has fallen for a third straight session on Tuesday, trading near 0.6870 during Asian market hours as the US Dollar strengthens on increasingly hawkish Federal Reserve expectations. The AUD/USD pair faces mounting pressure ahead of two critical risk events that could determine near-term direction for the currency pair.

Traders are positioning defensively before the Reserve Bank of Australia releases its latest Meeting Minutes, which will provide crucial insight into the central bank’s policy stance amid cooling domestic economic conditions. Additionally, markets are bracing for fresh Chinese PMI data, a key indicator given China’s status as Australia’s largest trading partner. Weak manufacturing data from China could amplify downside pressure on the commodity-linked Australian Dollar.

The USD’s broad strength reflects shifting market expectations that the Fed may maintain elevated rates longer than previously anticipated, supporting Treasury yields and dollar demand.

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FXnCO Insight

** AUD traders should watch 0.6850 support closely, as a break below could accelerate selling pressure toward 0.6800 if RBA minutes disappoint or Chinese PMI data underwhelms.

Source: FXStreet