AUD/USD fell to a two-year low of 0.6251, down 1.75% last week, following a hawkish Fed interest rate cut and a MYEFO report indicating larger Australian budget deficits. The RBA's upcoming meeting minutes are expected to reflect a dovish tone amid weaker economic activity, with a 58% chance of a rate cut in February. A break below the 0.6170 support level could lead to a test of the 0.6000 mark, while a rebound above 0.6350 may signal easing downside risks.
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