AUD/USD renews two-month lows near 0.7050
AUD/USD refreshes two-month lows near 0.7050, having stalled its bounce around 0.7075 region. The US dollar appears to have regained poise amid tepid market mood. The focus is now on whether the US dollar gives back some ground ahead of US data, Powell Day 3.
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The AUD/USD pair is trading around the 0.7300 level, unchanged for a second consecutive week, despite there were quite a few headlines that could have spurred action. Somehow, the lack of action across the FX board reflects a similar behavior among central bankers.