With the greenback recovering amid rumors of another Corona wave along with the global economic downfall, the Aussie breaks its upward momentum and gives the bears a moment to breath. Falling below 0.6800 from a high of 0.6923, the situation seems bleak for the currency. With the China/US trade dispute and Australia having its own conflict with China, the medium term outlook has the bears sipping fish cocktails and the bulls running through a maze of uncertainty. The US dollar traded lower against all of the European currencies on Tuesday ahead of the Federal Reserve’s monetary policy announcement.
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