Australian Dollar depreciates as US Dollar holds ground on hawkish Fed

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Australian Dollar depreciates as US Dollar holds ground on hawkish Fed
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The Australian Dollar (AUD) extends its losses for the third successive session on Monday.

The Australia n Dollar declines as the US Dollar remains stronger on the hawkish Fed. The Aussie Dollar may limit its downside due to the RBA’s hawkish stance on rates trajectory. The US Dollar remains stable as Fed officials delay the timing of the first interest rate cut in 2024. The Australia n Dollar extends its losses for the third successive session on Monday. However, the AUD/USD pair may limit its downside due to the hawkish stance of the Reserve Bank of Australia .

02% 0.05% -0.08% 0.05% -0.09% AUD 0.01% -0.05% -0.05% -0.07% -0.13% 0.00% -0.10% JPY 0.13% 0.10% 0.09% 0.10% 0.13% 0.14% 0.01% NZD -0.01% -0.04% -0.04% -0.04% 0.01% -0.13% -0.13% CHF 0.14% 0.09% 0.10% 0.09% 0.14% 0.02% 0.13% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.

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