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Aussie Dollar Recovers From Shaky Start As Calm Returns to Currency Markets

Posted by Chris Advincula on Jul 4, 2016 7:15:52 AM

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(July 4 Reuters) The Australian dollar recovered from a wobbly start caused by political uncertainty on Monday, as stocks and commodities rose on expectations that global central banks are likely to provide more stimulus to offset the impact from Brexit.

Traditional safe-haven currencies like the yen and Swiss franc fell as European stock markets were in the green with some of the anxiety caused by Britain's decision to leave the European Union fading into the background for now.

Trading is expected to be subdued as U.S. markets are shut for the Independence Day public holiday.

During the weekend, Australia's general election produced no clear winner after more than two-thirds of the votes were counted.

Click on the link below to see the full story from Reuters: (by Anirban Nag)

Aussie dollar recovers from shaky start as calm returns to currency markets

 

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Topics: Forex Fundamentals, Forex, Australia, EURUSD, GBPUSD, USDJPY, AUDUSD

 

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