The mild upside pressure on the US Dollar (USD) sparked an equally lacklustre pullback in AUD/USD on Tuesday, maintaining the trade in the 0.6540 region and fading part of Monday’s decent advance.
The Australian Dollar printed back-to-back negative days during the week against the US Dollar, courtesy of a warm inflation report in the United States (US) that justified the Federal Reserve’s stance to be patient in cutting borrowing costs.