AUD/USD hovers around 0.6900, over two-week low as focus shifts to RBA on Tuesday

Share:

• AUD/USD turns lower for the third straight day and is pressured by a combination of factors.
• Strong follow-through USD buying and the risk-off mood act weigh on the risk-sensitive Aussie.
• The downside seems limited in the absence of US macro data and ahead of the RBA on Tuesday.

The AUD/USD pair struggles to preserve its modest intraday gains on Monday and attracts fresh sellers in the vicinity of mid-0.6900s. The pair turns back lower for the third successive day and retreats to the 0.6900 mark during the mid-European session, closer to over a two-week low touched earlier today.