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AUD/USD jumps 0.40%, looks to snap six-day losing trend – FXStreet
The Aussie dollar bears are taking a breather on Monday, allowing a bounce in AUD/USD, with an influential economist pushing out his rate cut forecast
- AUD/USD ticks higher as Westpac pushes out the RBA rate cut forecast.
- The US stock index futures rise, lending support to the AUD.
The Aussie dollar bears are taking a breather on Monday, allowing a bounce in AUD/USD, with an influential economist pushing out his rate cut forecast to November from October.
The currency pair is currently trading at 0.7050, representing a 0.40% gain on the day. The pair fell by nearly 0.30% on Friday to 0.7006 – its sixth straight conse…
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