AUD Stays Near Two-Month Low as Risk Aversion Lifts USD

The Australian Dollar (AUD) has given up earlier gains and is trading lower for a third straight day against the US Dollar (USD), which is benefiting from broad risk-off flows.

AUD/USD remains depressed near levels not seen in two months, as investors shun riskier currencies and seek the safety of the greenback. No new domestic catalysts have emerged to reverse the move.