AUD/USD MOVES AWAY FROM OVER TWO-MONTH HIGH AMID MODEST USD STRENGTH

AUD/USD MOVES AWAY FROM OVER TWO-MONTH HIGH AMID MODEST USD STRENGTH
AUD/USD MOVES AWAY FROM OVER TWO-MONTH HIGH AMID MODEST USD STRENGTH

The AUD/USD pair has been falling for three days after reaching its highest level in over two months.

The US dollar is recovering from its lowest point since December 10, adding pressure on AUD/USD.

A weaker market mood is also hurting the Australian dollar.

However, the Reserve Bank of Australia's (RBA) slightly positive stance on interest rates may help prevent further big losses.

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