AUD Suffers Further Decline Amid DXY Pressure

Australia's currency has taken a hit, falling to levels not seen in recent times. The Australian dollar (AUD) has been battered, and it may have more room to drop.

The exchange rate is under pressure from the DXY index, which is stalling at resistance but expected to push through soon. If this happens, it could mean even tougher times for the AUD.

The twin economies of the Australian dollar and the Chinese yuan are falling in tandem, with some speculating that gold prices might benefit as a result.