Australian Dollar (AUD) is likely to consolidate within a range of 0.6465/0.6530. In the longer run, further declines in AUD still appear likely; the next level to watch is 0.6440, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD advances after registering around 1.25% losses in the previous session, trading around 0.6530 during the Asian hours on Monday. The pair lost ground due to renewed trade tensions between Australia’s close trading partner, China, and the United States (US).
Bitcoin (BTC) steadies around $121,300 at the time of writing on Friday, after setting a new record high of $126,199 four days ago. While BTC experiences a minor correction so far this week, profit-taking remains modest and overall selling pressure continues to stay low.