AUD/USD Falls By 1% In The Last 10 Sessions

(VIANEWS) – AUD/USD (AUDUSD) has been up by 1.78% for the last 10 sessions. At 14:06 EST on Monday, 14 October, AUD/USD (AUDUSD) is $0.67.

AUD/USD’s yearly highs and lows, it’s 7.223% up from its 52-week low and 5.175% down from its 52-week high.

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  • Eur/usd falls toward 1.0900 due to dovish sentiment surrounding the ECB. According to FXStreet on Monday, 14 October, "On the geopolitical front, escalating tensions in the Middle East have sparked concerns of a broader regional conflict, strengthening the safe-haven US Dollar and putting pressure on the risk-sensitive EUR/USD pair. ", "The decline of the EUR/USD pair could also be linked to a stronger US Dollar (USD), fueled by expectations that the US Federal Reserve (Fed) will slow the pace of borrowing cost reductions more than previously anticipated."
  • Eur/usd extends downside below 1.0950 amid stronger US dollar. According to FXStreet on Monday, 14 October, "The EUR/USD pair extends the decline to near 1.0920 during the early Asian session on Monday. "
  • According to FXStreet on Monday, 14 October, "For the time being, we suspect EUR/USD can hold support in the 1.0850/1.0900 area and could get a lift if Thursday’s ECB meeting isn’t quite as dovish as the market is now pricing.", "In the bigger picture, we see EUR/USD trading just above the middle of a 1.0550-1.1150 two-year trading range. "

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