9:51 AM · 20 February 2020

BREAKING: Aussie hits the weakest level in 11 years

The Australian dollar wasn’t impressed by the local NFP report that showed a bit higher than expected employment gain but also a rise in the unemployment rate. The AUDUSD rate dropped to 0.6625, the weakest level since early 2009. This seems to be a combination of overall USD strength as well as concerns regarding the impact of the coronavirus on the Australian economy.

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