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AUD/USD rebounds above 0.7100 as DXY slumps below 94.50 – FXStreet
The AUD/USD pair dropped to a daily low of 0.7064 on Friday but gained traction during the American session as the USD came under renewed selling pres
- AUD/USD gains traction amid broad USD weakness in American session.
- US Dollar Index slumps to lowest level since September 2018.
- US PMI data improved in July, fell short of market expectations.
The AUD/USD pair dropped to a daily low of 0.7064 on Friday but gained traction during the American session as the USD came under renewed selling pressure. As of writing, the pair was up 0.12% on a daily basis at 0.7105.
Earlier in the day, the escalating US-Sino geopolit…
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