💱Australian Dollar/US Dollar FX Spot Rate
AUDUSD
▲ PositiveMonetaryrelevance
Softer US data and improved risk sentiment weaken USD, strengthening AUD
The Australian dollar rose against the US dollar on Wednesday, with AUD/USD trading around 0.7060, up 0.20% on the day. The pair benefited from broad-based US dollar weakness as investors reacted to softer-than-expected US economic data and improved risk sentiment driven by the latest geopolitical developments.
Softer US data and improved risk sentiment weaken USD, strengthening AUD