Australian Dollar reaches a 3 month high on recovery hopes

In short

  1. The AUD/USD hits a 3 month high of 0.6675 as hopes for an economic recovery increase
  2. The Australian dollar is nearly 12 cents higher from its lows in late March
  3. The AUD has also rallied higher against the Euro, Yen and British Pound in the past 2 months

AUD to USD exchange rates

Time Open Low High
Today 0.6625
In the last week 0.6511 0.6675
In the last month 0.6376 0.6675

AUD to USD

Wholesale exchange rate updated

The Aussie dollar has made a remarkable recovery to hit a 3 month high against the US dollar at 0.6675. As the world entered the economic downturn caused by COVID-19, the Australian dollar fell sharply. Since late March though, it has made a comeback, rising against most major currencies.

It's been a huge bounce for the Australian dollar since late March with massive gains against most of the major currencies.