Australian Dollar Soars Versus the Pound on Chinese New

The Australian Dollar US Dollar (AUD/USD) exchange rate is trading flat on Monday at US$0.7283. This is the same level that the pair opened and closed the previous week.

The risk sensitive Australian Dollar is treading water despite a risk on climate to trading. News that AstraZeneca is restarting its covid vaccine trial is boosting demand for riskier assets and currencies. Although Aussie Dollar investors are preferring to sit on the side lines ahead of the release of minutes from the latest RBA meeting.

US Dollar trades lower versus major peers as investors sell out of the safe haven. US FOMC rate decision in focus.