Is it 'risk on' for the Aussie dollar?

Rising geopolitical tensions have caused nervousness in recent days but there are already signs an Australian dollar recovery is in the pipeline.

There has been a lot thrown at the Aussie dollar in recent times. Last week in particular saw a sharp increase in risk aversion on global markets due to escalating geopolitical tensions and of course the unexpected rise in the headline unemployment rate. One look at an hourly price chart shows a rather sharp decline from US93.5c to a two-month low of US92.4c in about 24 hours following the employment report, but has held firm since with the broader US92c support level still holding.

Graph for Is it 'risk on' for the Aussie dollar?

AUD/USD hourly chart; AUD/USD daily chart.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles