The Australian Dollar (AUD) has recovered from Friday's losses, possibly driven by improved risk appetite.
The Australia n Dollar has recovered its daily losses after a Reuters poll indicated no change in the June meeting. 90% of economists anticipate stable rates in Q3, with a potential 25 basis-point reduction by the end of 2024. The US Dollar remains stable due to the hawkish stance of the Fed. The Australia n Dollar has recovered from Friday's losses, possibly driven by improved risk appetite.
Looking upwards, the AUD/USD pair could test resistance near the upper boundary of the rectangle formation around 0.6700, followed by the high from May at 0.6714. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of the Australian Dollar against listed major currencies today. The Australian Dollar was the weakest against the Canadian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD -0.05% -0.05% -0.05% -0.06% 0.09% 0.04% -0.04% EUR 0.05% 0.00% -0.01% -0.
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