The slight upward pressure on the US Dollar (USD) prompted a similarly tepid retreat in AUD/USD on Wednesday, holding the pair around 0.6530 and adding to Tuesday’s pullback.
The Australian Dollar (AUD) pares its intraday gains on Tuesday. However, the decline in the US Dollar (USD) helped to support the AUD/USD pair during the early Asian hours.
With so many exciting decisions last week, it was easy to overlook the fact that the Aussie held up quite well in the face of renewed US Dollar strength.