US Dollar Outlook: AUD/USD Primed for Volatility with RBA on Tap

US Dollar gained ground across the board of major currency pairs during Monday trade. The DXY Index jumped 0.5% on the session, extending its rebound to eight-week highs. AUD/USD price volatility likely to accelerate due to Reserve Bank of Australia event risk. The US Dollar advanced broadly on Monday as bulls continue to drive the rebound. US Dollar strength was notable across EUR/USD and USD/CAD in particular during the session. The DXY Index now trades at its highest level in eight-weeks following the latest 0.5% gain. Not to mention, the ongoing rebound has pushed the broader US Dollar back above its 50-day … (full story)

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