The Aussie has bounced up from year-to-date lows with the negative bias intact.
The Aussie has bounced up fromyear-to-date lows with the negative bias intact. Investors are wary of betting against the US Dollar with USD data on tap. The RBA softened its us¡ual hawkish tone on Tuesday and increased pressure on the Aussie. The Australian Dollar trimmed some losses during Wednesday’s European session after hitting fresh year-to-date lows at 0.6340. The pair, however, remains vulnerable with investors reluctant to risk ahead of the release of the US CPI report.
The board showed confidence in inflation which boosted hopes of interest rate cuts in February, and increased selling pressure on the AUD. US Dollar PRICE Today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.20% 0.27% 0.47% 0.05% 0.36% 0.35% 0.06% EUR -0.20% 0.07% 0.29% -0.15% 0.15% 0.14% -0.14% GBP -0.27% -0.07% 0.19% -0.23% 0.08% 0.07% -0.21% JPY -0.
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