The Australian dollar is languishing near 10-week lows as nervous investors pile into the greenback amid worries over the economic fallout from the US election and a return of Donald Trump to the White House.
The local currency traded around US66¢ on Monday after four consecutive weeks of losses. It is on track to end the month down 4.3 per cent after a jump in US bond yields boosted the appeal of the safe haven US dollar.
Loading…
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=671f22661a8c4704bf5a02261c9c5699&url=https%3A%2F%2Fwww.afr.com%2Fmarkets%2Fcurrencies%2Fa-will-struggle-to-punch-higher-as-us-election-weighs-on-sentiment-20241028-p5kltb&c=10351948597758759523&mkt=en-us
Author :
Publish date : 2024-10-27 18:21:00
Copyright for syndicated content belongs to the linked Source.