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Australian Dollar May Rise as Week Starts After Dow Jones Rallied

From dailyfx.com

The growth-linked Australian Dollar cautiously rose on Friday as it benefited from an uptick in market sentiment into Wall Street close. Gains in the Aussie were somewhat restrained due to a somewhat pessimistic tone during the European trading session. While the DAX 30 and FTSE 100 closed -1.69% and -1.28%, the Dow Jones and S&P 500 finished +1.11% and +1.39% respectively. A couple of factors may have been behind gains in US equities. President Donald Trump signed off on a $484 billion interim stimulus package to help combat the economic fallout of Covid-19. This is as his European counterparts - while agreeing on a ... (full story)

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  • Category: Fundamental Analysis