- The US Dollar's strength pushed the US Dollar Index (DXY) to new four-month highs, negatively impacting risk-related currencies.
- The AUD fell significantly, dropping below the 0.6600 mark and its 200-day SMA at 0.6629, indicating a potential for further declines.
- The Reserve Bank of Australia (RBA) maintained interest rates at 4.35%, with Governor Michele Bullock suggesting current levels are appropriate.
- On the data front, Australia's Consumer Confidence and Business Confidence measures improved in November and October, respectively.
- On Wednesday and Thursday, labor market data will be under scrutiny and might set the pace of the pair for the short term.
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