The Australian share market and dollar have been beneficiaries of Emmanuel Macron's victory in the first round of the French presidential election, as the centrist looks increasingly likely to win the run-off. The biggest initial beneficiary of the outcome was the euro, which jumped around 2 US cents to $US1.
The Australian Dollar has dropped against the Canadian Dollar due to a concerning report about AU-US ties. The report looked at Australia’s relationship between the US and China, and the potential difficulties of trying to alter these relationships. With the US looking increasingly protectionist, Australian officials have considered whether
Reserve Bank governor Philip Lowe has predicted some of the Trump administration's economic policies could be good for Australia and the global economy while warning it could also turn out "very badly" if America retreats from the international order of the world. "It's very difficult to predict how the new
The Wall Street Journal reports that the dollar extended its powerful rally, spurring central banks in developing countries to take steps to stabilize their own currencies and threatening to create headwinds for the long-running U.S. expansion. AUD/USD has been in a downward spiral since the Trump victory, and