- AUD/USD struggles to find acceptance above 0.6500 amid the emergence of some USD buying.
- Bets for slower Fed rate cuts trigger a fresh leg up in the US bond yields and underpin the USD.
- Geopolitical risks and trade war fears further benefit the Greenback and weigh on the Aussie.
The AUD/USD pair attracts some sellers following an intraday uptick to the 0.6510 region on Thursday and drops to a fresh daily low during the first half of the European session, though it lacks follow-through. Spot prices currently trade just below the 0.6500 psychological mark, nearly unchanged for the day, and for now, seem to have stalled a recovery move from the lowest level since August 5 touched earlier this week.
The US Dollar (USD) regains positive traction and reverses a part of the previous day’s slide to a two-week low, which, in turn, is seen as a key factor exerting some pressure on the AUD/USD pair. US macro data…
