- AUD / USD fell to a new weekly low during the American session.
- The US Dollar Index continues to climb towards 93.00.
- The major Wall Street indices are trading in negative territory.
The pair AUD/USD came under renewed downward pressure during US trading hours and hit a weekly low of 0.7345. At time of writing, the pair was down 0.36% on the day to 0.7358.
USD capitalizes on risk aversion flows
The general strength of the USD in the second half of the day continues to weigh on the AUD / USD. In the absence of the release of high-level macroeconomic data, the dollar sees demand as a safe haven amid the bitter market mood. Reflecting the risk averse market environment, the top three Wall Street indices are down 0.4% to 0.8%. Currently, the US Dollar Index is up 0.3% on the day at 92.79.
Earlier in the day, US data showed JOTS job openings surged to a new series high of 10.9 million in July. On a negative note, the IBD / TIPP Economic Optimism Index fell below 50 for the first time in 2021 in September.
Later in the session, market participants will closely follow the 10-year US Treasury auction. In addition, the US Federal Reserve will publish its Beige Book at 1800 GMT.
There will be no data release included on Australia’s economic docket on Thursday.
Technical levels
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