With a lack of appetite for risk-correlated assets, thanks to volatile global equity markets and commodity prices, the Australian Dollar softened versus most of its peers overnight. Heightened expectations of Reserve Bank of Australia (RBA) intervention at the next available opportunity also continues to limit the appeal of the ‘Aussie’ […]
Initially hamstrung due to the upset caused by the Australian federal election, in which 13 undecided made a hung parliament a possibility, the Australian Dollar to US Dollar exchange rate saw a fair rally during this morning’s session thanks to surging commodity prices. Thanks to safe-haven demand lessening after the […]
Prevailing Risk-Off Market Conditions Turn Investors from AUD/USD Exchange rate – Brexit-based uncertainty keeps traders decidedly risk-averse. Surge in Safe-Haven Demand affords US Dollar Impressive Broad Gains – USD support grows but is somewhat stifled by the Fed’s rate hike reluctance. Weak Commodity Prices give Aussie No Quarter – Continually […]
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