AUDUSD drops to its lowest level since July

September 26, 2020

The AUDUSD pair came under some downward pressure during the American session. The pair dropped to its lowest level since July at 0.7007. Consistently, AUDUSD is losing 3.75% since the beginning of the week. It is the biggest percentage fall since March.

The US Dollar strength caused AUDUSD to extend daily slide toward 0.7000. The US Dollar Index (DXY) regained its traction after a humble downward correction on Thursday. The DXY is up almost 2% for the week.