AUD/USD hit a high of 0.7214 due to continued dollar sell-off and record rally of gold, which is one of Australia’s top exports metal. Dollar strength is under question due to:
- Resurgence of coronavirus cases in US, accelerating Us-China tensions, dismal data, record drop of ~33% in US GDP in Q2 and concerns on recovery.
- Republicans and Democrats have made less stride towards a coronavirus relief package even an expanded federal jobless aid is expected to terminate.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.