AUD/USD Turns Red Below 0.6650, US GDP Next
The Aussie Dollar started a major decline from well above 0.6700 against the US Dollar. AUD/USD traded below the 0.6680 support to move into a bearish zone.
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The Aussie Dollar started a major decline from well above 0.6700 against the US Dollar. AUD/USD traded below the 0.6680 support to move into a bearish zone.
Read about the rise of the dollar due to weaker-than-expected U.S. economic growth, which is not likely to deter the Federal Reserve from raising interest rates. The report shows a still-tight labor market and underpins next week’s rate increase expectations. Find out the latest currency bid prices and exchange rates between dollar, yen, Swiss franc, sterling, Canadian dollar, Aussie dollar, New Zealand dollar, Norway, and Sweden.
AUD/USD started a fresh decline from the 0.6770 resistance zone. NZD/USD is also moving lower and might decline below the 0.6150 support.
The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis
The Australian Dollar jumped some hurdles last week, but some key levels lie ahead, and US Dollar weakness can only do so much. Bonds spreads might provide some clues until AU CPI.