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AUD/USD hits fresh multi-year lows, around 0.6570 region
AUD/USD comes under some fresh selling pressure on Wednesday. Coronavirus concerns continued to weigh on the China-proxy aussie. A modest USD rebound collaborated to the prevailing selling bias. The AUD/USD pair edged lower through the Asian session on Wednesday and dropped to fresh 11-year lows, around the 0.6570 region in the last hour. Follow-through the previous session's two-way/directionless trading action, the pair came under some selling pressure during the Asian session on Wednesday and pessimism over the coronavirus outbreak. Aussie weighed down by a combination of factors Growing market concerns over the ... (full story)
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