Aussie accelerates slide versus US Dollar as downside streak continues. AUD/USD heads fro lowest close in three weeks despite rising equity prices. The AUD/USD pair accelerated to the downside during the American session and extended losses. The pair dropped to 0.7080 hitting the lowest level since April 3. As of writing, trades at 0.7087, down 45 pips for the day, about to post the fourth decline in a row and the lowest close in three weeks. Risk aversion in currencies, not is stocks The move lower took place amid a rally of the US Dollar across the board. Measured by the DXY it is testing 2019 highs around the 97.70 zone. A break higher would show prices not seen since June 2017. The greenback is also rising against Emerging market currencies while it is flat versus the yen. The mentioned flows are associated with risk aversion. But in Wall Street, equity prices are higher. The DOW JONES is up 0.49% and the NASDAQ gains 1.01%. The good tone in stocks is not seen in the currency market. Sentiment around the US Dollar is likely to continue to dominate price action in AUD/USD, at least until Wednesday’s Asian session when CPI data from Australia will be released. Levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Technical Analysis: ETH/USD bulls set to capitalize on pennant pattern FX Street 4 years Aussie accelerates slide versus US Dollar as downside streak continues. AUD/USD heads fro lowest close in three weeks despite rising equity prices. The AUD/USD pair accelerated to the downside during the American session and extended losses. The pair dropped to 0.7080 hitting the lowest level since April 3. As of writing, trades at 0.7087, down 45 pips for the day, about to post the fourth decline in a row and the lowest close in three weeks. Risk aversion in currencies, not is stocks The move lower took place amid a rally of the US Dollar across… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
