AUSTRALIAN DOLLAR HOLDS GAINS, UPSIDE CONSTRAINED AMID DOVISH RBA SENTIMENT

AUSTRALIAN DOLLAR HOLDS GAINS, UPSIDE CONSTRAINED AMID DOVISH RBA SENTIMENT
The Australian Dollar (AUD) appreciates after the release of the Export Price Index on January 30, 2025.
Export prices rose by 3.6% quarter-over-quarter in Q4 2024, reversing a 4.3% decline in Q3 2024.
Australia’s Import Price Index increased by 0.2% in Q4 2024, exceeding expectations.
The rise in import prices was driven by surging Gold prices, which hit an all-time high in October 2024.
Despite gains, the AUD's upside appears restrained due to a dovish outlook surrounding the Reserve Bank of Australia (RBA).