AUDUSD prolonged its losses on Wednesday after the US Federal Reserve (Fed) revealed its July meeting minutes, which bolstered the US Dollar (USD) as investors perceived a hawkish tilt in the minutes, as shown by money market futures.
EURUSD slides to the fresh low since early July as US Dollar extends the latest run-up during early Thursday. The Euro pair drops for the second consecutive day to 1.0866, refreshing the 1.5-month low amid market’s risk-off mood and the firmer US Treasury bond yields.
Gold prods a three-day losing streak while posting a corrective bounce from the lowest level since mid-March. The XAUUSD cheers the latest inaction of the US Treasury bond yields, as well as the US Dollar, to recover from $1,891 to $1,894 amid the early hours of Thursday’s Asian session.
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