Aussie falls against firm US dollar

The Australian dollar fell its peers on Tuesday, as the US dollar continued to rise due to the Treasury bonds rally.

Investors shunned commodity currencies and risk assets due to lingering concerns about the Covid-19 pandemic and its impact on the global economy.

Countries around the world are ramping up their efforts to combat the Covid-19 pandemic with largescale vaccination campaigns and tight lockdown measures.

Meanwhile the US is preparing an extra fiscal stimulus package to support the world's largest economy from the pandemic impact.

Federal Reserve Chairman Jerome Powell said last week that the US economic recovery is still far from complete, in tandem with easing the lockdown restrictions.

As of 16:15 GMT, AUD/USD fell 0.4% to 0.7602, after hitting a high of 0.7664, and a low of 0.7595.