Its Over, page-22869

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    ...DXY has fallen -2.2% since recent peak of 106 on 26 June to below 104 at 103.7, and it looks like it is heading towards March lows of 102+

    ...AUD has risen against the USD by 1.05% over the same period since 26 June, but you can notice that in the past week AUD has dipped -0.58% the past week despite dollar weakness.

    I think that is a reflection of
    1. A retracement of overextended expectations of an Aussie rate hike earlier -it is now unlikely the RBA would want to go against the trend
    2. an increasing Risk Off market sentiment

    1 year view
    DXY — U.S. Dollar Index Chart — TradingView

    AUD to USD — Australian Dollar to USD Chart — TradingView
 
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