The Australian Dollar (AUD) held steady on Wednesday after two consecutive days of gains against the US Dollar (USD).
The AUD/USD pair benefited from the risk-on market sentiment, supported by strong trade data from China, Beijing's efforts to stabilize the Yuan, and rising commodity prices.
Traders are awaiting Australian employment data, scheduled for release later this week, for further insights on the Reserve Bank of Australia's (RBA) policy direction.
Investor confidence is growing as US President-elect Donald Trump's economic team considers gradually increasing import tariffs.
This optimism is strengthening risk-sensitive currencies such as the AUD and contributing to the appreciation of the AUD/JPY pair.
Source: FXStreet
