AUD/USD Gains for Third Day as Fed Hike Expectations Fade
AUD/USD extended its advance for a third straight session, trading near 0.7110 in Asian hours as fading Federal Reserve rate hike expectations kept the US dollar subdued.
AUDUSD
AUD/USD continued to appreciate during Asian trading on Tuesday, holding around 0.7110 and extending gains for a third consecutive day.\n\nThe move was driven mainly by weakness in the US dollar, which remained under pressure as market expectations for further Federal Reserve rate hikes continued to fade.
Source: FXStreet Forex News