Australian dollar dips to the lows of the day as S&P 500 falls flat

The Australian dollar stalled out today at 0.6500 and is now coming under broad pressure. The dip takes place as the US dollar rebounds in a choppy market.

The move looks like it was driven by profit taking in stock markets and a rise in 10-year yields to 4.50%.

This article was written by Adam Button at www.forexlive.com.