The Australian Dollar climbs above 0.7000 to hit a two-week high of 0.7017, supported by a softening US Dollar and a lack of significant economic data releases.
The AUD/USD pair reached a two-week high of 0.7017, driven primarily by a broad weakening of the US Dollar. Despite a light economic calendar in both Australia and the US, the currency pair successfully breached the 0.7000 psychological resistance level.
The pair reached a two-week high of 0.7017.
The movement is primarily driven by broad US Dollar weakness amid a light economic docket.
The Australian Dollar surged to a two-week high of 0.7017 against the Greenback, fueled by broad-based US Dollar weakness. Despite a quiet economic calendar in both regions, the pair successfully breached the key 0.7000 psychological resistance level.
The Australian Dollar is gaining primarily due to broad-based weakness in the US Dollar, allowing the pair to climb above the 0.7000 threshold.