AUD heads below 66 cents as virus fears grip markets

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In short

  1. AUD USD falls below 66 cents for the first time since the GFC
  2. The Australian dollar has held up against the other major currencies
  3. Little economic data out this week

AUD to USD exchange rates

Time Open Low High
Today 0.6599
In the last week 0.65
In the last month 0.6587 0.6821

The AUD/USD has spent this week trading either side of 66 cents.

It has been slipping lower against the US dollar for a few weeks as coronavirus fears increase.

Interestingly, the Australian dollar has not fallen against all currencies. In fact, it has largely remained unchanged against the Euro, British Pound and Japanese yen. It has even moved higher against the New Zealand dollar.

  • The AUD to USD exchange rate has been trading above and below 66 cents
  • The AUD to EUR exchange rate has slipped 2% over the past fortnight but is still roughly the same as 4 weeks ago
  • The AUD to GBP exchange rate is 1% lower but remains above 0.5000
  • The AUD to JPY exchange rate is close to a 1 month low at 72.69
  • The AUD to NZD exchange rate holding above 1.0400

This week, there is almost no economic data of note.

Updated: Posted on