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Australian Dollar rises following surprise election win for Conservatives

  • Regular
  • FX Market
  • 5 months ago
  • 98

The Australian dollar sprang higher in today’s opening as the country’s ruling Conservatives scored a surprise victory in elections over the weekend.

Following Scott Morrison’s Liberal-National coalition return to power, the AUD rose by as much as 1% against the USD to highs of $0.6938 at the open of markets, eventually the pair holding higher by 0.4%.

 

 

Source: Smart Trend Team