The Australian dollar slipped versus its US counterpart today as the greenback was trying to regain ground. The Aussie was mostly little changed against other most-traded peers, though gained on the Swiss franc.
The US currency was trying to recoup following last week’s losses, thus driving its rivals down. Most market analysts believed, though, that the currency remained rather vulnerable. Indeed, today’s drop of AUD/USD looked insignificant compared to the seven weekly gains in a row.
AUD/USD slid from 0.8101 to 0.8091 as of 10:20 GMT today. AUD/CHF gained from 0.7566 to 0.7575.
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