The Australian dollar stages a strong come-back | The Business | ABC News

The Aussue has been gathering strength against the greenback. It's up by around six per cent in the last week since Donald Trump rolled out his Liberation Day tariffs when it hit five year lows below 60 US cents. NAB head of FX strategy Ray Attrill says most of the gains have been off the back of the weakening US dollar, as global investors feel increasingly worried about White House policies and lose confidence in the US dollar as the world's reserve currency. He says the Aussie doesn't tend to stay below 60 US cents for long, but this resurgence is no doubt a welcome reprieve for importers. Unfortunately for anyone traveling to Europe or Japan, the Australian dollar remains weak against the euro and the yen.
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