# AUD/USD Gives Back Early Gains Amid Drop in Demand for Risky Assets

> AUD/USD fell back after early gains as US stocks declined, reducing appetite for higher-yielding risk assets. The pair traded near 0.7065, and the main technical trend remained down.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42092-aud-usd-gives-back-early-gains-amid-drop-in-demand-for-risky-assets
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Risk-off moves and a firmer dollar make commodity-linked currencies weaker, which is a routine market reading with no new fundamental driver for feed commodities.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/aud-usd-gives-back-early-200201614.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.