March 12, 2025
AUD/USD rises, EUR/USD, USD/CAD dip, US dollar selloff loses steam
The combination of tariff fatigue, extended moves and a refreshing set of softer CPI figures helped appetite for risk peel itself from the ropes it had been pinned to in recent weeks. And that helped AUD/USD rise for a second day and USD/CAD fall below resistance, while EUR/USD bulls paused for breath around a key high.