The Australian dollar hit a new 2017 high overnight, as the greenback sagged after US Treasury Secretary Steve Mnuchin made it clear any structural reforms by the Trump administration will take time to boost the economy.
The Aussie Dollar is the strongest currency in the G10 in 2017 having risen an average of 6.7% versus its counterparts. The continued appreciation in commodities is a major factor in the Australian currency's strength as it a large slice of its exports ...
The Australian dollar has surged higher overnight, easily clearing the US77� mark to its highest since the US election, and positive January jobs data could solidify its advance, according to NAB economists.
[SYDNEY] The Australian dollar held near a 3-1/2 month peak on Tuesday as traders waited on fresh catalysts from a slew of data and central bank events, while the New Zealand dollar was subdued ahead of a global dairy auction.