Currency Market Review: Australian Dollar on the Rise

Summary

  • The Australian dollar steadily gained against US dollar since the plunge in March when strict containment policies were introduced.
  • Safe-haven Japanese yen gained while global equity market fell after Fed’s pessimistic outlook for the US economy.
  • If the situation worsens in the US, the demand for USD as a safer investment will still be high, driving USD value high.

Currency Market Review: Australian Dollar on the Rise

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