Australian Dollar plunges after upbeat US ISM data, RBA board considers no rate hikes
The Australian Dollar (AUD) recovers its losses registered in the previous session, edging higher on Tuesday.
Source: fxstreet.com
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The Australian Dollar (AUD) recovers its losses registered in the previous session, edging higher on Tuesday.
On Monday, the Australian Dollar registered losses of 0.4% against the US Dollar, sponsored by an improvement in business activity in the United States (US).
Aussie’s recovery is losing pace, as US macroeconomic data beats expectations.
The AUD/USD pair struggles to get an auction above the psychological resistance of 0.6500.
The Australian Dollar (AUD) retraces its recent losses on Monday, possibly bolstered by positive Chinese Purchasing Managers Index (PMI) figures.