AUD rises to 70 cents

  • Jun 24, 2020 AEST
  • Team Kalkine

AUD/USD reached 0.6963 cents today shooting towards 0.70 but eased from that level to 0.6952. Markets stayed positive due to hopes of more stimulus from the US as well as upbeat PMI data from key economies like Australia, UK and US.

  • The latest surge in AUD arises due to North Korea’s suspension of military attacks on its southern neighbor
  • Japan’s easing of restrictions and positive signals from US Treasury as it plans on extension of tax filing date to combat coronavirus
  • Risks remain amid US-China trade tensions, anti-dumping investigations by Trump and mixed set of numbers from Beijing, Korea and Australia

 


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