Forex News

Live Forex news from all over the world.

    Archives

Australian Dollar Attempts to Keep Rising, Fails

May 22, 2018 at 12:34 by Vladimir Vyun

Australian coins and banknotesThe Australian dollar rose earlier today, extending yesterday’s rally, on the back of the positive market sentiment. Yet the currency has retraced its gains by now.

Fears of trade wars receded after the United States and China agreed to make various concessions to avoid conflict. The USA put tariffs on China’s goods on hold, while China reduced import duty on passenger cars. Yet US President Donald Trump came under criticism for concessions he made as members from both US parties were saying he is ceding too much.

AUD/USD edged up from 0.7579 to 0.7590 as of 12:27 GMT today, touching the high of 0.7605 intraday. EUR/AUD was down from 1.5548 to 1.5488 intraday before bouncing back to 1.5541.

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

Leave a Reply

required
required  

Navigation

Menu