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The Australian dollar has weakened the position after the parliamentary elections

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The Australian dollar has weakened the position after the parliamentary elections

The Australian dollar has weakened the position after the parliamentary elections
July 04
12:30 2016

On Monday the Australian dollar did not start the trading session in its best way. The reason for this is the strengthening of the political uncertainty in Australia, while the decreasing anxiety in the world because of the decision of British citizens to leave the EU has strengthened the pound sterling and other major world currencies.
Last Sunday the parliamentary elections in Australia did not reveal the winner after counting more than half of all votes.

For investors this fact gave rise to the sale of the Australian dollar, which fell to $ 0.7410 in the morning session against $ 0.7495 on late Friday. Since then the currency has recovered to $ 0.7507.
As for the other major currencies, the anxiety about Brexit began to weaken. Many investors are now expecting that the world’s central banks will take steps to counter the likely consequences of the British referendum.

At that time the euro was being traded around the level of $ 1.1137 against $ 1.1139 on Friday, and it slightly changed against the Japanese yen, staying near 114.29 yen. The US dollar stopped at the level of 102.62 yen.

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