Risk aversion boosted the US dollar versus the Aussie. AUD/USD retreats from one-year highs, remains above 0.7100. The AUD/USD pair dropped to 0.7119 after the beginning of the American session on the back of risk aversion. After the opening, Wall Street indexes spiked lower and then rebounded, pushing the pair off lows. As of writing, AUD/USD trades at 0.7135, down 50 pips for the day while the S&P 500 falls 1%. The aussie reached on Wednesday the highest level since April 2019 at 0.7196 and started to correct lower. The move accelerated during the European session on the back of a modest USD recovery. The US dollar lost strength, particularly versus main European currencies, and limited the decline in AUD/USD. Economic data from the US showed the economy contracted in Q2 at record levels. Also, US jobless claims rose again. The numbers added pressure to the dollar but also weighed on risk appetite. Lower US yields are another negative factor for the greenback on Thursday. The US 10-year yield fell to 0.54%, the lowest level since March. Technical levels 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 US real GDP to expand by 15% in Q3 – TDS FX Street 3 years Risk aversion boosted the US dollar versus the Aussie. AUD/USD retreats from one-year highs, remains above 0.7100. The AUD/USD pair dropped to 0.7119 after the beginning of the American session on the back of risk aversion. After the opening, Wall Street indexes spiked lower and then rebounded, pushing the pair off lows. As of writing, AUD/USD trades at 0.7135, down 50 pips for the day while the S&P 500 falls 1%. The aussie reached on Wednesday the highest level since April 2019 at 0.7196 and started to correct lower. The move accelerated during the European session on the back of… 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.
