Australian Dollar extends losses due to risk aversion after stronger US PMI

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Australian Dollar extends losses due to risk aversion after stronger US PMI
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The Australian Dollar (AUD) continues its losing streak for the fourth successive session on Friday, possibly driven by risk aversion.

The Australia n Dollar continues to lose ground after the release of higher-than-expected US PMI data. Australia n equities faced pressure due to the lower commodity prices amid hawkish sentiment surrounding the Fed. US Dollar gained ground after FOMC Minutes suggested a lack of progress on inflation. The Australia n Dollar continues its losing streak for the fourth successive session on Friday, possibly driven by risk aversion.

A breakthrough above this level could reinforce the prevailing bullish bias for the AUD/USD pair, potentially leading it to reach the major level of 0.6650. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of the Australian Dollar against listed major currencies today. The Australian Dollar was the weakest against the Canadian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.00% -0.02% -0.03% -0.01% 0.04% 0.00% 0.04% EUR 0.00% -0.02% -0.03% 0.00% 0.

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