The US dollar fell around 0.25%, its biggest drop in a week, with expectations that the recent rally in the dollar in the light of rising trade tensions may be coming to its end. Since mid-April the dollar rose more than 6% against a basket of currencies.
The dollar index is currently trading at 95.10 after retreating from its daily high of 95.37.
The Australian dollar rose more than 0.5% to its highest level since July 31 at 0.7439, after the Reserve Bank of Australia kept its policy unchanged, keeping interest rates at 1.50%. The bank did not change interest rates two years ago, in August 2016.
