19 Aug 2021
AUD/USD breaches 0.72 for the first time since Nov 2020, King dollar dominates
- AUD/USD sellers extend control as 0.7200 caves in.
- Dollar’s strength, risk-aversion knocks off the aussie.
- Upbeat Australian jobs data ignored amid covid jitters.
The US dollar bulls remain unabated so far this Thursday, knocking off AUD/USD below the 0.7200 for the first time since November 2020.
The July Fed meeting’s minutes ramped up tapering expectations for the final quarter of this year, strengthening the recent bullish momentum in the US dollar across its main peers.
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