The Australian Dollar (AUD) struggled to secure the previous session's gains on Wednesday. However, the AUD/USD pair faced pressure as the US Dollar (USD) strengthened on rising Treasury yields. Market risk aversion has increased on the increasing possibility of Donald Trump winning the presidency, adding selling pressure on US Treasury bonds.
The AUD's decline could be contained due to the hawkish sentiment surrounding the Reserve Bank of Australia (RBA), supported by positive employment data. Further support for the Australian Dollar came from the recent interest rate cut by China, as China remains Australia's largest trading partner.(Cay)
Sumber : Newsmaker.id
