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The renewed bid bias in the US Dollar (USD) prompted a corrective move in the risk complex, motivating AUD/USD to put the 0.6600 support to the test at the beginning of the week following Friday’s fresh two-month peaks around 0.6670.
The Australian Dollar (AUD) retraces its recent losses following the release of Australia’s Retail Sales and Private Capital Expenditure data on Thursday.
AUD/USD added to Wednesday’s decline and breached the key support at 0.6500 on the back of the firmer note in the US Dollar (DXY) on Thursday.
The Australian Dollar pared some of its losses against the US Dollar on Tuesday and finished the session with minimal gains of 0.05%.
The Australian Dollar (AUD) faces challenges following the release of cooler-than-anticipated Monthly Consumer Price Index (CPI) data from Australia on Wednesday.