AUD/USD has dropped to around 0.6670, the lowest since February 9. The currency pair has been trending lower throughout the European and American sessions on Wednesday as the US dollar gains ground. The greenback is benefiting from upbeat US economic figures. Building Permits hit an annualized level of 1.55 million in January and Housing Starts stood at 1.57 million, both above expectations. The Producer Price Index rose by 0.5% and Core PPI advanced at the same rate in the first month of 2020. US Treasury yields have stabilized as markets shrug off fears of the coronavirus outbreak. The Chinese government has touted new measures to stimulate the economy while transport links remain shut in Hubei – the epicenter of the disease. Earlier in Australia, wage growth rose by 0.5% in the fourth quarter, within expectations. Further headlines from China – the world’s second-largest economy and Australia’s No. 1 trade partner – are awaited. At current levels, Aussie/USD is trading close to the decade low of 0.6661 recorded earlier in February. The daily high of 0.6707 serves as resistance. 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 Brexit: EU ambassadors fail to agree on approach to level playing field, GBP/USD negative FX Street 2 years AUD/USD has dropped to around 0.6670, the lowest since February 9. The currency pair has been trending lower throughout the European and American sessions on Wednesday as the US dollar gains ground. The greenback is benefiting from upbeat US economic figures. Building Permits hit an annualized level of 1.55 million in January and Housing Starts stood at 1.57 million, both above expectations. The Producer Price Index rose by 0.5% and Core PPI advanced at the same rate in the first month of 2020. US Treasury yields have stabilized as markets shrug off fears of the coronavirus outbreak. The Chinese government… 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.
