US FX WRAP: Dollar slips as risk-on prevails; AUD strength helped by hawkish RBA Governor Bullock press conference

The dollar's decline signals a risk-on environment, likely as investors shift focus toward equities and commodities. This is compounded by the strength of the Australian dollar, driven by a hawkish tone from RBA Governor Bullock during a recent press conference, suggesting potential rate hikes that bolster AUD sentiment. Traders should be mindful of these dynamics as they could influence cross-currency flows and broader market sentiment.