Australian Dollar Remains Under Pressure Against Firm US Dollar Ahead of Data
The AUD/USD pair is struggling to break above the 0.6920 level, staying near a two-week low as the US dollar holds firm.
AUDUSD
The Australian dollar is on the back foot against the US dollar, trading around 0.6920 after failing to sustain a late rebound from the previous session. The pair is oscillating between small gains and losses in early European trading.
A broadly stronger USD is weighing on the Aussie, with markets eyeing upcoming US economic data for further direction. The pair had touched an over two-week low near 0.6920 on Wednesday.
Traders are cautious, awaiting fresh catalysts to drive the next move.
Source: FXStreet Forex News