Home AUD AUD/USD slides to daily low 0.7740

AUD/USD slides to daily low 0.7740

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13th January 2021

AUD/USD trades under pressure.
US Dollar Index trends higher after Tuesday’s weakness
US December CPI data in focus.

After a positive close on Tuesday, AUD/USD lost traction and fell to a fresh daily low of 0.7735 ahead of the US open.

DXY rebounds ahead of inflation report

USD strength is pushing AUD/USD lower. The US Dollar Index (DXY) declined0.4% on Tuesday after a bond auction in the sent yields tumbling. Amid a cautious market mood the greenback started to recover its losses and the DXY was last seen gaining 0.2% at 90.27.

The Consumer Price Index (CPI) figures for December will be released. Core CPI is expected to remain unchanged at 1.6% on a yearly basis.

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Currencylive.com is a site operated by Wise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.