🦘🦘 Aussie Kangaroo Returns Home In The Outback

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5일 전

The Australian dollar has been taking a bath. It’s gone from buying 71 US cents at the beginning of the year to netting you just 63.3 US cents against the benchmark greenback.

The dollar is down over the last year against most currencies, and down over the past few weeks against almost every currency.

The humble Aussie dollar is suffering in particular against European currencies: Pound Sterling, the Swiss Franc and the Euro.

However, even in Japan where the AUD is up over the year so far, it is down in recent weeks.

What’s going on? The answer is two-fold.

👉 America’s economy is stronger than expected. And China is weaker, so Chinese yuan has little to no chance of dethroning the US dollar, even as global de-dollarization happens.
👉 Australia gets hit on both of those trades.

Difference between 10-Year United States and Australian Govt Debt becomes lower