Australian Dollar Soars Versus the Pound on Chinese New

The Australian US Dollar (AUD/USD) exchange rate is trading +0.8% at the time of writing at US$0.7272 after performing a reversal from earlier in the session.

Risk on trading is boosting the risk sensitive Australian Dollar as Trump trails Joe Bidden in key battle ground states. US indices surged higher rebound from deep losses in the previous session.

Australian consumer confidence shot up 18% in September underpinning the Aussie Dollar.

US JOLTS job openings, a measure of labour market strength, rose 617,000 to 6.6 million. This is still off from the 7 million recorded pre – covid.