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AUD/USD recoils after setting fresh three-year high
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FXStreet Forex & Commodities News
AUD/USD hit a slippery slow patch on Thursday as volatility worsens across the board.
The Australian Dollar (AUD) hit a three-year high against the US Dollar (USD), before falling back into the low side for the day as broad-market sentiment flows sour.
The metals-sensitive Aussie is taking a correlated hit as both Silver and Gold prices suffer a volatility shock across global markets.
Spot Gold prices came within inches of poking through a new all-time high of $5,600 per ounce on Thursday before a sharp rebuke sent XAU/USD bids back below $5,100.
The US government has once again failed to clear a critical budgetary hurdle, and is barreling towards another government shutdown.