The Australian Dollar (AUD) retraces its recent losses against the US Dollar (USD) on Monday.
The Australia n Dollar appreciates as the RBA may increase rates again if needed. The safe-haven flows may limit the upside of the AUD amid escalated Middle-East tensions. Fed Governor Michelle Bowman suggested that the US central bank may not be prepared to cut rates in September. The Australia n Dollar retraces its recent losses against the US Dollar on Monday. The AUD/USD pair appreciates due to the hawkish sentiment surrounding the Reserve Bank of Australia .
A drop below this level could reinforce a bearish bias, potentially pushing the pair toward the lower boundary of the ascending channel around 0.6540. Additional support is seen at the throwback level of 0.6470. AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.03% 0.03% 0.24% -0.01% -0.
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