Australian Dollar pulls back from a five-month high ahead of US Core PCE data
The Australian Dollar (AUD) trades below its recent peak of 0.6802 on Friday, a level not reached in almost five months.
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The Australian Dollar (AUD) trades below its recent peak of 0.6802 on Friday, a level not reached in almost five months.
The Australian Dollar (AUD) retraces its recent losses on Thursday after pulling back from a five-month high at 0.6779.
The Aussie Dollar started a steady increase above the 0.6620 level against the US Dollar. AUD/USD broke many hurdles near 0.6650 and 0.6700 to enter a positive zone.
The Aussie has resumed its upside path to test 0.6740 resistance.
The AUD/USD extends its losses for the second straight trading session, and slips below the 200-day moving average (DMA) as investors await monetary policy decisions from major central banks ahead of the next year.