...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
