Aussie lowest since 2003

12:26 PM March 18, 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


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