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AUD/USD DIPS AMID STRONG US RETAIL SALES AND RISK AVERSION

guntur360
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  • Aussie Dollar falls to 0.6452 after higher-than-expected US Retail Sales show strong consumer activity.
  • Rising US Treasury yields suggest diminishing hopes for Federal Reserve rate cuts,  shifting market expectations.
  • Middle East tensions and forthcoming Chinese economic data will shape AUD/USD's short-term path.

The Aussie Dollar extended its losses against the Greenback during the North American session, dropping some 0.08% after hitting a daily high of 0.6493. The AUD/USD trades at 0.6452 following the release of strong US Retail Sales data.


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