AUD/USD features mild losses after mixed Australian NAB figures

AUD/USD wades through mixed trading as sellers regain momentum. Focus is now on Wednesday’s US inflation figures and Fed dot plot. Australia releases mixed NAB business survey figures. This shift occurred as sellers re-entered the market after a minor rebound on Monday. The ongoing Federal Reserve two-day meeting, due to conclude on Wednesday, and the US May inflation data release will be the key drivers this week.

How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia influences the Australian Dollar by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down.

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