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Australian Dollar bounces back from five-month lows amid a steady US Dollar

From fxstreet.com

The Australian Dollar (AUD) ends its three-day decline on Wednesday, bouncing back from levels not seen since mid-November. Nevertheless, hawkish remarks from Federal Reserve (Fed) officials and the influx of safe-haven flows could bolster the US Dollar (USD) and potentially limit the upside of AUD/USD in the short term. The Australian Dollar gains upward momentum as the ASX 200 Index rebounds after three consecutive days of losses. However, AUD encountered obstacles, possibly due to risk aversion as investors awaited Israel's response to Iran's air strike on Saturday with caution. A Reuters report indicated that a ... (full story)

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