The Australian Dollar (AUD) extended its downward correction following Tuesday's release of lower than expected domestic Retail Sales data.
The Australia n Dollar has weakened following the release of softer Retail Sales data. The Australia n Dollar could regain ground due to growing expectations of the RBA delaying interest rate cuts. The US Dollar has rebounded, possibly from hawkish comments made by Fed officials, signaling no immediate necessity for rate cuts. The Australia n Dollar extended its downward correction following Tuesday's release of lower than expected domestic Retail Sales data.
6500. A break below the major support of 0.6480 could lead the pair to reach April’s low of 0.6362. AUD/USD: Daily Chart Australian Dollar price in the last 7 days The table below shows the percentage change of the Australian Dollar against listed major currencies in the last 7 days. The Australian Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD -0.48% -1.58% -0.15% -1.32% 1.24% -0.51% -0.02% EUR 0.48% -1.11% 0.33% -0.82% 1.66% -0.02% 0.45% GBP 1.56% 1.
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