AUDUSD continues to struggle to fall to low levels
Updated
Brian, hello everyone.
Today, the AUD/USD exchange rate has dropped to its lowest level in 10 days, decreasing by approximately 45 pips or -0.7%, nearing the 0.6350 mark.
The Consumer Price Index (CPI) data for Australia has shown an increase of 5.2% in August, in line with market expectations. This has provided some slight support for the Australian dollar (AUD) during early Friday trading. However, the price momentum for AUD/USD was short-lived as the release of US data caused the US dollar (USD) to strengthen once again.
Today, the AUD/USD exchange rate has dropped to its lowest level in 10 days, decreasing by approximately 45 pips or -0.7%, nearing the 0.6350 mark.
The Consumer Price Index (CPI) data for Australia has shown an increase of 5.2% in August, in line with market expectations. This has provided some slight support for the Australian dollar (AUD) during early Friday trading. However, the price momentum for AUD/USD was short-lived as the release of US data caused the US dollar (USD) to strengthen once again.
Note
good luckNote
AU has made the first upward movesNote
AU kept its gains well, reaching 0.93%, trading at 0.6411
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