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Aussie Moves Higher for Second Day

June 29, 2016 at 10:15 by Vladimir Vyun

The Australian dollar continued to move higher, rising for the second consecutive session today, as markets were calming down after Britain’s referendum.

Global stocks and crude oil were rising during Wednesday’s session as Brexit fears were waning. This led to the rally of growth-linked currencies. Experts said that one of the reasons for the improving sentiment was the outlook for a delayed interest rate hike from the Federal Reserve (and some analysts even talk about an interest rate cut).

AUD/USD rose from 0.7386 to 0.7424 as of 10:10 GMT today. EUR/AUD dropped from 1.4976 to 1.4927.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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