AUDUSD continues to struggle to fall to low levels
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.
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good luck
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AU has made the first upward moves
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AU kept its gains well, reaching 0.93%, trading at 0.6411
