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AUD/USD bounces back amid US Dollar weakness

  • AUD/USD climbs after a dip, finding support from a broader USD retreat.
  • Fed’s mixed messages on interest rates, with Bostic cautious on cuts and Goolsbee open to three, sway market sentiment.
  • US New Home Sales dropped, while the Dallas Fed Manufacturing Index dived.

The Aussie Dollar (AUD) recovers against the US Dollar (USD) after hitting a daily low of 0.6509, though broad USD weakness underpins the commodity-linked currency. At the time of writing, the AUD/USD trades at 0.6543, up 0.43%.

AUD/USD gains as Fed speakers offer divergent views on rate cuts

Market sentiment is downbeat, with Wall Street trading with losses. The US economic calendar has featured Fed speakers led by Atlanta’s Fed President Raphael Bostic, who said he expects just one rate cut this year, adding that cutting rates too soon could be more disruptive. At the same time, his…

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