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