Australian Dollar loses ground with RBA decision, US midterm elections in focus

FXStreet2 November 2026, 13:47 UTCAustralia

AUD/USD trades on the back foot on Monday as the Australian Dollar (AUD) underperforms all its major peers. Traders are likely trimming exposure before the Reserve Bank of Australia’s (RBA) monetary policy announcement on Tuesday, weighing on the Aussie despite a softer US Dollar (USD).

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