The Australian Dollar (AUD) extends downside for the third consecutive day on Monday on the back of the stronger US Dollar (USD) broadly.
The Australia n Dollar weakens amid the firmer US Dollar in Monday’s Asian session. The hawkish tone of the Fed and challenges in China’s economic recovery weigh on AUD/USD. The RBA interest rate decision on Tuesday will be in the spotlight, with no change in rate expected. The Australia n Dollar extends downside for the third consecutive day on Monday on the back of the stronger US Dollar broadly.
Australian Dollar was the weakest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD -0.01% 0.01% 0.05% 0.17% -0.06% 0.17% -0.01% EUR 0.01% 0.02% 0.06% 0.19% -0.03% 0.17% -0.01% GBP -0.01% 0.00% 0.03% 0.17% -0.04% 0.14% -0.02% CAD -0.05% -0.06% -0.05% 0.14% -0.08% 0.11% -0.06% AUD -0.15% -0.18% -0.17% -0.13% -0.22% -0.02% -0.20% JPY 0.04% 0.03% 0.03% 0.11% 0.21% 0.22% 0.01% NZD -0.17% -0.18% -0.15% -0.12% 0.01% -0.23% -0.15% CHF 0.01% 0.02% 0.02% 0.06% 0.19% -0.01% 0.
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