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Australian Dollar holds as Oil rally offers no help
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FXStreet Forex & Commodities News
AUD/USD is down 0.36% for the day, but still above the 0.7000 region, giving back Wednesday's gains as the US Dollar (USD) firms across the board.
The US Dollar Index (DXY) is up 0.28% near the 100.00 psychological level.
The unusual part is that this is happening while Oil rallies.
The Aussie trades on global growth, and a threat to a fifth of the world's Oil flows is a growth risk.
(The technical analysis of this story was written with the help of an AI tool.