AUD/USD falls from 0.6570 as US Dollar recovers sharply
The AUD/USD pair retreats from 0.6570 as the US Dollar Index (DXY) has recovered swiftly in the early New York session.
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The AUD/USD pair retreats from 0.6570 as the US Dollar Index (DXY) has recovered swiftly in the early New York session.
In quite a volatile session, AUD/USD managed to reverse several sessions of losses and advance marginally on Thursday.
The AUD/USD pair trades in negative territory for the fifth consecutive day during the early Asian session on Wednesday.
The Australian Dollar (AUD) attempts to break a losing streak on Wednesday, finding stability against the US Dollar (USD).
The Aussie is under increasing bearish pressure amid the unfavorable risk environment Hawkish Fed rhetoric is prompting investors to reassess Fed easing expectations and boosting the US Dollar.