Australian dollar decline nears a full cent at 0.6550

[forex4you]

Australian dollar decline nears a full cent at 0.6550

<p>The dollar is an absolute freight train at the moment and given the mood in markets, there's no obvious catalyst to halt it.</p><p>What I am hearing is increasing talk about FX intervention. I highlighted earlier this week that the last two big USD cycles didn't end until central banks started intervening. The dollar's special place in the FX market can be self-sustaining in a recessionary environment and that environment looks increasingly likely.</p><p>Technically, AUD/USD still has plenty of breathing room until the pandemic low of 0.5506.</p>

                This article was written by Adam Button at forexlive.com.

Source: Australian dollar decline nears a full cent at 0.6550

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