Australian Dollar Holds Losses as US Dollar Holds Steady Due to Sustained Risk Aversion

Australian Dollar Struggles Near 0.6520 as Risk Aversion

The Australian Dollar (AUD) continues to face downward pressure against the US Dollar (USD) on Tuesday, extending losses from the previous two sessions. The AUD/USD pair remains under pressure following the release of the Reserve Bank of Australia’s (RBA) July meeting minutes, which indicated a cautious stance on future interest rate cuts. According to the […] The post Australian Dollar Struggles Near 0.6520 as Risk Aversion Keeps US Dollar Firm…

Australian Dollar holds losses as US Dollar holds steady due to sustained risk aversion

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday after two days of losses. The AUD/USD pair remains subdued following the release of the Reserve Bank of Australia’s (RBA) Meeting Minutes.

The Australian dollar remains moderate while the PBOC leaves the LPR without changes - World Stock Market

The Australian dollar loses land as the Popular Bank of China maintains its LPR one year without changes in 3.00%. The AUs also faces the low pressure due to the ongoing commercial tensions between the United States and China. The US dollar maintains its position since the robust economic data modeled the expectations of fed features. The Australian dollar (AUD) loses ground against the US dollar (USD) on Monday, going back their recent earnings…