Ella 
The AUD/USD exchange rate strengthened for a third consecutive day on Tuesday despite Australian retail sales rising 0.1% monthly in April, reversing a 0.4% decline previously. The growth was below market expectations of 0.2%.
Improving risk appetite also added to the strength of the Australian dollar. In addition, the Reserve Bank of Australia (RBA) latest meeting minutes showed that the board found it challenging to predict future changes in the cash rate, noting that recent data increased the likelihood that inflation would remain above the 2-3% target for an extended period. .
The U.S. dollar (USD) continues to move lower after U.S. Treasury yields fell. As of press time, the U.S. dollar index (DXY), which measures the value of the U.S. dollar against six other major currencies, was trading near 104.50, and the yields on the 2-year and 10-year U.S. Treasury bonds were 4.94% and 4.46% respectively.
