AUD/USD Forecast: All the attention remains on inflation prints
The decent rebound in the greenback put the broader risk-associated universe under extra downside pressure on turnaround Tuesday, exposing the Aussie dollar to extra weakness.
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The decent rebound in the greenback put the broader risk-associated universe under extra downside pressure on turnaround Tuesday, exposing the Aussie dollar to extra weakness.
The AUD/USD pair trades on a softer note above the 0.6700 mark during the early Asian session on Monday.
The Australian Dollar (AUD) trades lower against the US Dollar (USD) on Monday.
The AUD/USD turned flat during the mid-North American session on Monday after hitting a daily low of 0.6677, but an improvement in traders' appetite weakened the Greenback (USD).
The AUD/USD continued to backslide on Thursday, slipping back into the 0.6700 handle after a short-lived rally sparked by improving risk sentiment on the back of a better-than-expected print in China’s Caixin Services Purchasing Managers’ Index (PMI) for December.