AUD/USD may attempt to test the 2020 high (0.7032) following the Reserve Bank of Australia (RBA) meeting as the Relative Strength Index (RSI) sits in overbought territory.

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The New Zealand Dollar may rise with APAC stocks heading into Asia as data stabilization amid the coronavirus pandemic appears to be inspiring bullish sentiment.

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Largely thanks to the Fed, US Dollar selling pressure sinks the DXY Index to a fresh twelve-week low as appetite for risk runs rampant, crushes volatility, and steers the Nasdaq to its all-time high.

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The US Dollar has been aggressively declining versus the Mexican Peso, South African Rand and South Korean Won. The USD/KRW selloff may continue, but USD/MXN and USD/ZAR could start recovering.

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The US Dollar has been aggressively declining versus the Mexican Peso, South African Rand and South Korean Won. The USD/KRW selloff may continue, but USD/MXN and USD/ZAR could start recovering.

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