Home / Market Update / Forex Market / AUD/USD falls on firmer US Dollar
Forex

AUD/USD falls on firmer US Dollar

The Australian dollar fell for the fourth straight day due to risk aversion after reports said the latest China Covid-19 outbreak caused three deaths during the weekend. China’s authorities eased some restrictions. The news boosted the US dollar amid growing concerns about reimposing lockdowns.

Wall Street is witnessing investors who are apparently worried about China’s potential Covid outbreak, extending losses of US stocks in the day.

Data wise, Chicago National Activity index falling to negative territory in October, to -0.05 from 0.17 in September. Elsewhere, the US Dollar Index climbs sharply by 0.80%, at 107.823, a headwind for the Australian Dollar.

Aside from this, an absent Australian economic calendar leaves AUD/USD traders in the direction set be market sentiment.

Check Also

Mary C. Daly Leads Fed’s Charge to Bolster Jobs Against Political Tides

The Federal Reserve’s quarter-point rate cut on September 17, 2025, sliced through the tension like …