Aussie lowest since 2003

12:26 PM 18 March 2020

AUDUSD broke below the 2008 lows at 0.6006 on the back of US Dollar strength and ongoing concerns regarding the coronavirus pandemic. RBA already lowered interest rates twice this year and announced that is considering further cuts if necessary. These news have weakened the Australian currency. At the moment Aussie is trading at 0.5920, level not seen since 2003.


AUD / USD broke below key support zone at 0.6062 as the virus risks continued to support safe-haven assets. Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits