AUD/USD Steady as RBA Maintains Even-Handed Tone on Rates

AUD/USD held relatively stable following the Reserve Bank of Australia's decision to keep rates on hold, with the central bank adopting a balanced and even-handed tone in its accompanying statement. The RBA acknowledged that while inflation remains above target, progress toward the inflation objective continues. The central bank refrained from providing explicit forward guidance on the direction of its next move, maintaining optionality for both rate cuts and hikes depending on incoming data. The Australian dollar showed modest firmness post-announcement, as the lack of dovish surprises provided a mild floor for the currency. The US Dollar Index futures were also referenced in the context of broader market positioning ahead of the FOMC decision later this week. For AUD/USD traders, the RBA's neutral posture suggests the pair will likely take its cues from external factors, particularly US monetary policy developments and risk sentiment shifts. Near-term direction will hinge on the FOMC outcome and any surprises in US economic data releases.