Australian dollar dips to the lows of the day as S&P 500 falls flat

  • AUD/USD retreats to 0.6440 from 0.6500

The Australian dollar stalled out today at 0.6500 and is now coming under broad pressure. The dip takes place as the US dollar rebounds in a choppy market.

The move looks like it was driven by profit taking in stock markets and a rise in 10-year yields to 4.50%.

AUDUSD day
AUDUSD day

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