AUD/USD Forecast: Sellers remain in control of the sentiment
AUD/USD added to Wednesday’s decline and breached the key support at 0.6500 on the back of the firmer note in the US Dollar (DXY) on Thursday.
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AUD/USD added to Wednesday’s decline and breached the key support at 0.6500 on the back of the firmer note in the US Dollar (DXY) on Thursday.
In Thursday's session, the NZD/JPY pair is trading substantially lower at around the 91.20 level, implying a potent selling momentum marking a 0.73% decrease on the day.
The persistent buying pressure in the US Dollar weighed further on the risk-associated universe, against the backdrop of further signs of the loss of momentum in inflation on both sides of the Atlantic and steady bets of interest rate reductions by the Fed and the ECB at some point this summer.
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The EUR/JPY snaps two days of gains and drops on Thursday, following hawkish remarks by a Bank of Japan (BoJ) official.