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The Dollar Index, a popular gauge of the Greenback’s value against a basket of 6 major currencies ended flat at 104.35, after dropping to 104.00, it’s lowest level since September 2023.
AUD/USD is correcting gains from the 0.6540 zone. NZD/USD is also moving lower and might attempt a fresh increase from 0.5920.
The Australian Dollar (AUD) struggles to extend gains during the Asian session on Tuesday while the US Dollar (USD) attempts to recover recent losses on the back of a recovery in US Treasury yields.
The Australian Dollar (AUD) aims to continue a week-long slump while the US Dollar (USD) keeps weakening on Monday despite higher US Treasury yields.
The Australian Dollar (AUD) moves below a major level, extending the losses for the third successive day following the dovish rate statement by the Reserve Bank of Australia (RBA).