Thursday , 7 November 2024
Home Forex Australian Dollar plunges as demand veers back to the USD
Forex

Australian Dollar plunges as demand veers back to the USD

The AUD/USD pair declined by 0.97% to 0.6620 in Wednesday’s session, driven by intensified US Dollar buying and concerns over China’s stimulus measures.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Japan’s Top FX Diplomat Mimura: Closely watching FX moves with a high sense of urgency

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign...

China state banks seen selling USD/CNY – intervention to slow yuan drop

They did the same yesterday. They won't stop a rampant US dollar,...

Australian Dollar remains tepid following a lower Trade Balance, Trump’s victory

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for...

Trump Victory Implications: Market Outlook and Sector Analysis

Abrdn plc (formerly Standard Life Aberdeen plc) is a United Kingdom-based investment...