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The Australian Dollar: An Unlikely Trade War Casualty

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Posted by Alex Kimani

on Wednesday, 08 August 2018 10:46

ausmoney

The Australian dollar has been the worst performer among the world’s major currencies this year, dropping like a rock against most other currencies apart from the Swedish krona. AUD has weakened about nine percent against the U.S. dollar, currently changing hands at 73.91 cents against the greenback from the January high of 81.15 cents.

Despite the deep slide, the current optimism that the Aussie has found a bottom may be a tad premature.... CLICK for complete article


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