Group 1 - The Australian dollar (AUD) has depreciated against the US dollar (USD), currently trading around 0.65, with a drop of 0.50% from the previous close of 0.6550 [1] - Economists predict that the Reserve Bank of Australia (RBA) will lower interest rates more than previously expected due to inflation and economic slowdown, with a forecast of five rate cuts this year [2] - A survey of 37 economists indicates that 31 expect the RBA to cut the overnight cash rate by 25 basis points to 3.60% at the upcoming meeting [2] Group 2 - The RBA's outlook has shifted to a more dovish stance since May, suggesting further easing measures may be necessary to support economic growth and maintain a strong labor market [2] - The Australian economy is projected to grow by 1.6% this year and 2.3% in 2026, which is lower than previous forecasts made in April [2] - Technical analysis shows that the AUD/USD pair is maintaining a bullish trend within an upward channel, supported by a relative strength index (RSI) above 50 and staying above the 9-day exponential moving average (EMA) [3]