Australian Dollar losses steam at 0.7000 as PMIs signal a deceleration

FXStreet22 October 2026, 23:33 UTCAustralia

The Australian Dollar retreats 0.17% against the US Dollar on Thursday as sentiment soured on US tech stocks falling on worries about AI valuations, while Oil surged on an escalation of the US-Iran conflict. The AUD/USD trades at 0.7017.

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