Australian Dollar Falls with Global Stocks & Bonds

The Australian dollar fell today following the drop of global stocks and bonds. The reason for that were speculations about a potential interest rate hike from the Federal Reserve in the near future.
Stocks across the world demonstrated substantial losses during the Monday’s European session. Traders were selling off riskier assets amid rising talks about monetary tightening from the Fed. Several Fed members will be speaking today, and markets will pay especially close attention to the speech of Lael Brainard — the known dove who may yet turn into a hawk.
AUD/USD fell from 0.7540 to 0.7520 as of 12:39 GMT today, trading near the lowest level in more than a week. AUD/JPY declined from 77.28 to 76.62, trading at the lowest in about two weeks.

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

Your email address will not be published. Required fields are marked *

eighty nine − eighty seven =