AUD/USD Forecast: Australian Dollar Slides Below 0.7100 as Weak PMI Meets Hawkish Fed
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AUD/USD Forecast: Australian Dollar Slides Below 0.7100 as Weak PMI Meets Hawkish Fed

Currency Pairs:💱 AUD-USD

Summary:AUD/USD fell below 0.7100 on Wednesday, reaching a one-week low as weaker Australian business activity and a stronger US Dollar weighed on the pair. Australia's September Composite PMI dropped to 50.8 from 52.7, while manufacturing contracted for the first time since March.

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AUD/USD Forecast: Australian Dollar Slides Below 0.7100 as Weak PMI Meets Hawkish Fed