WELCOME to Money, TD’s Tue feature on what the Australian dollar is doing – The Australian dollar has suffered due to the ongoing bushfire crisis, with early reports estimating the initial financial impact could be as much as much as AU$2 billion.
Additionally, the USDAUD fell by 0.2% and a local rate cut is becoming more likely.
Meanwhile, other markets across the globe have bounced back from the effects of Fri’s US drone strike in Iran.
Wholesale rates this morning.US$0.692UK£0.526NZ$1.033Euro€0.618Japan¥75.13Thailandß20.78China¥4.788South Africa9.792Canada$0.893Crude oilUS$63.05
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