The AUD/USD pair plunged 1.25% to 0.6555 on Wednesday after Donald Trump's US presidential election victory sparked enthusiasm for the US Dollar.
AUD/USD falls after Donald Trump wins the US presidential election. Republican victory raises concerns about trade war with China, weighing on AUD. RBA's hawkish stance might limit the AUD losses The AUD/USD pair plunged 1.25% to 0.6555 on Wednesday after Donald Trump's US presidential election victory sparked enthusiasm for the US Dollar. Fears of a trade war with China, fueled by the Republican victory, weighed on the Australian Dollar.
The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian Dollar gathers strength after RBA MinutesThe Australian Dollar (AUD) trades on a stronger note on Tuesday, snapping the three-day losing streak.
Read more »
Australian Dollar appreciates due to fading likelihood of RBA rate cuts, awaits China GDPThe Australian Dollar (AUD) continued to strengthen against the US Dollar (USD) for the second consecutive day on Friday.
Read more »
Australian Dollar gains ground after rate cuts in China, remarks from RBA HauserThe Australian Dollar (AUD) extended its winning streak against the US Dollar (USD) for the third consecutive session on Monday.
Read more »
Australian Dollar rises on hawkish RBA and rising metals pricesThe AUD/USD rose by 0.35% to 0.6685 on Tuesday, recovering sharply from 0.6650 amid hawkish signals from the Reserve Bank of Australia (RBA) and hopes for economic stimulus.
Read more »
Australian Dollar recedes despite hawkish RBA , US mid-tier dataThe AUD/USD declined by 0.21% to 0.6620 in Friday's session despite the Reserve Bank of Australia's (RBA) hawkish policy outlook.
Read more »
Australian Dollar rises following MI Inflation Gauge, RBA decision, US election eyedThe Australian Dollar (AUD) strengthens after the release of the Melbourne Institute’s Inflation Gauge data on Monday.
Read more »