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AUD currency update: Aussie dollar weakens following resignation of Trump’s national security advisor

James Baxter - AUD currency update: Aussie dollar weakens following resignation of Trump's national security advisorJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD rose around one percent yesterday as the Aussie dollar weakened following the resignation of Donald Trump’s national security advisor, forcing investors into traditional safe-haven currencies and weakening the Aussie in the process.

Today we have the release of minor employment data from the UK but nothing significant from Australia.

There are numerous data releases from the States this afternoon, coupled with a speech from Janet Yellen, so we may see some movement in Aussie dollar crosses, owing to the inverse relationship between the Australian and US dollars.

At the time of writing GBP/AUD is trading in the mid 1.62’s and AUD/EUR has risen into the mid-0.72’s.

GBP/AUD exchange rate graph

GBP/AUD exchange rate graph

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To keep up to date with the Australian dollar, visit our AUD blog section on our website here.

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James Baxter
Senior Currency Broker
T: 01442 892 062

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