Australian Dollar edges lower as US Dollar gains demand due to risk aversion

The Australian Dollar (AUD) edges lower due to risk aversion on Monday.

The Australia n Dollar may limit its downside as high inflation prompts the RBA to delay rate cuts. Australia ’s May inflation has sparked warnings that the RBA might raise the cash rate to 4.6% in September. The US Dollar may struggle as slowing US employment growth could lead the Fed to reduce rates sooner. The Australia n Dollar edges lower due to risk aversion on Monday. The renewed US Dollar demand puts pressureon the AUD/USD pair.

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 weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.11% 0.04% -0.13% -0.07% 0.04% -0.11% -0.08% EUR -0.11% 0.14% 0.09% 0.15% 0.08% 0.12% 0.15% GBP -0.04% -0.14% -0.08% 0.02% -0.05% -0.03% 0.01% JPY 0.13% -0.09% 0.08% 0.06% 0.18% 0.18% 0.11% CAD 0.07% -0.15% -0.02% -0.06% 0.06% -0.04% 0.01% AUD -0.

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