Australia’s currency rallied to its highest charge per unit of measurement against the U.S. dollar on Monday. The
AUD/USD currency pair began trading on Lord's Day eve at or too hence 0.7704, however, past times 3:15 a.m. EST on Monday, the yoke was trading every bit high every bit 0.77479.
Monday’s rally likewise pushed the
Australian dollar to a 4-month high, trading solely 0.40% away from taking out the US election highs of 0.77782, printed on Nov. 8, 2016. The rally inward the
AUD/USD Forex pair was mainly driven past times weakness inward the U.S. Dollar Index, which vicious to its lowest marking inward March - 100.02 - on Monday.
However, it remains to survive seen if the Aussie dollar tin concur onto today’s gains going into the Asian Forex session, when the Australian primal banking concern releases its Minutes of the Monetary Policy Meeting of the Reserve Bank Board for the calendar month of March, scheduled for 8:30 p.m. EST.
Tonight’s unloosen volition shed some lite on RBA’s views on the global too domestic economical landscapes, every bit good every bit the the bank’s opinion on monetary policy, which may convey changed considerably afterward final week’s involvement charge per unit of measurement hike past times the Federal Reserve inward the United States.
AUD banknotes photograph past times Whit Andrews
