AUD continues to pile on its gains

A big rally for the Australian dollar, AUD/USD has surged above 0.6950

• The USD is weaker nearly across the board, EUR, GBP, kiwiw, CAD all up
• Yen and CHF laggards though.

But why??? Sometimes its shoot first, ask questions later, FWIW, earlier posts on reasons:

• Here are 5 positives for the AUD, but there are negatives
• UBS - Current strength of the Australian dollar is driven by the wrong reasons
• USD slips a little further in early Asia trade
• Brexit trade talks update - EU is prepared for an extension up to 2 years
• The German government coalition discussion on further stimulus will continue tomorrow

On the politics front:

• President Trump dialling back on his threat to impose martial law against protestors

Crowds ignoring social distancing guidelines while searching the sky for the AUD