The Australian dollar fell today as fundamentals were not helpful to riskier currencies linked to commodities and economic growth.
One of the likely reasons for the drop was the fact that crude oil was unable to stay above the $50 level. Another one was the outlook for an interest rate hike this summer. Comments from Fed Chairwoman Janet Yellen supported prospects for a hike in the near future.
AUD/USD dropped from 0.7222 to 0.7183 as of 17:57 GMT today following two days of gains. AUD/JPY edged down from 79.30 to 79.06.
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