The pair has consolidated sideways for five consecutive sessions ... add to market uncertainty and cap further gains. The Australian Dollar (AUD) remains in a sideways consolidative move for ...
The weaker Australian dollar is welcome news for businesses that export to countries like the US, but the lower currency can be a drain on travellers' budgets and hit import businesses.
The Australian dollar has recently traded at five-year lows – it dipped to US60.88c on February 3, largely due to persistent concerns over China’s economic health and global trade tensions.
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