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AUD/USD pressured ahead of the RBA interest rate decision
- The AUD/USD pair is under intense pressure ahead of the RBA decision.
- The bank doubled its daily bond purchases on Monday.
- The Australian manufacturing sector is expanding.
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AUD/USD Under Intense Selling Pressure, Prints Lowest Since 2009
AUD/USD has made another leg lower this week to push below $0.66 for the first time since March 2009 on the worsening global sentiment. Fundamental analysis: Coronavirus continues to weigh on commodity currencies In the previous days, commodity-linked currencies have continued to move lower as coronavirus fears grow. The…
February 26, 2020