Aussie Dollar Slips as AI Sell-Off Hits Wall Street
AUD/USD fell 0.11% to around 0.6960 as Wall Street losses and lower US yields triggered safe-haven flows into the yen and Swiss franc.
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The Australian dollar edged lower against the US dollar on Thursday, trading around 0.6960 and down 0.11%. The move came as an AI-driven sell-off rattled Wall Street and US yields declined.
Risk-off flows did not broadly favor the greenback. Instead, safe-haven demand shifted from the US dollar toward the Japanese yen and Swiss franc, while the US dollar retreated from monthly highs.
Source: FXStreet Forex News