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AUD/USD challenges 0.9100

FXstreet.com (Edinburgh) – The Aussie dollar is now testing the 0.9100 handle on Friday, with the AUD/USD coming from session lows near 0.9050.

AUD/USD downtrend persists

The pair remains unable to come up for oxygen amidst the increasing selling context around the AUD, falling for the sixth week so far (the first time since 1997). Domestic data in the Australian morning showed that Private Sector Credit expanded 0.3% MoM in October and 3.5% on a yearly basis, surpassing the previous 3.3% gain. “The AUD is more clearly in a bear market, reflecting the evidence that Australian’s resources investment cycle is in …read more