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fxAug 19, 2026, 11:21 PM

Aussie Dollar Rises Over 0.56% as US Treasury Buyback Pressures USD

The Australian dollar gained more than 0.56% against the US dollar on Wednesday, as US Treasury buyback activity weighed on the greenback despite hawkish Federal Reserve minutes from the July meeting.

AUDUSD

The Australian dollar strengthened against the US dollar on Wednesday, gaining more than 0.56%. The move came as the US currency registered losses linked to a US Treasury bond buyback.

Hawkish minutes from the Federal Reserve's July meeting were released, but their supportive signal for the dollar was offset by the buyback flow. As a result, AUD/USD traded higher on the day.

Source: FXStreet Forex News