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LOW IMPACT FXStreet · May 12, 05:30 AM

Australian Dollar trades with caution in countdown to the Budget release

The Australian Dollar (AUD) trades cautiously against its major currency peers, is 0.23% down to near 0.7230 against the US Dollar (USD), during the late Asian trading session on Tuesday. The antipodean will likely remain volatile ahead of the Australian Budget release for 2026 at 09:30 GMT.

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The Australian Dollar is likely to remain under pressure ahead of the Budget release, potentially trading lower against the US Dollar. Increased volatility is expected as traders react to the budget details.

AI-generated analysis. For educational purposes only — not financial advice.

The Australian Dollar (AUD) trades cautiously against its major currency peers, is 0.23% down to near 0.7230 against the US Dollar (USD), during the late Asian trading session on Tuesday. The antipodean will likely remain volatile ahead of the Australian Budget release for 2026 at 09:30 GMT.

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