10 Mar 2015
AUD/USD retreats toward 0.7600
FXStreet (Córdoba) - Following a short-lived recovery attempt, AUD/USD turned south and is back trading at 5-year lows near 0.7600 as the greenback continues to outperform its rivals.
The greenback has dragged most competitors to multi-year lows, with the DXY reaching an 11-year high, lifted by expectations of a rate hike by the Fed around mid-year.
AUD/USD bottomed out at 0.7603 earlier on the day but the subsequent bounce remained limited by 0.7683. The pair has resumed the slide over the last hours, hitting a session low of 0.7606 so far. At time of writing, the Aussie is trading at 0.7611, recording a 1.19% loss on the day.
During the Asian session, RBA Assistant Governor Kent is scheduled to speak while Australian data includes the Westpac consumer confidence index and home loans.
The greenback has dragged most competitors to multi-year lows, with the DXY reaching an 11-year high, lifted by expectations of a rate hike by the Fed around mid-year.
AUD/USD bottomed out at 0.7603 earlier on the day but the subsequent bounce remained limited by 0.7683. The pair has resumed the slide over the last hours, hitting a session low of 0.7606 so far. At time of writing, the Aussie is trading at 0.7611, recording a 1.19% loss on the day.
During the Asian session, RBA Assistant Governor Kent is scheduled to speak while Australian data includes the Westpac consumer confidence index and home loans.