Yesterday, the Australian dollar pushed higher to hit a 15-month high. A softer US dollar helped propel the AUD/USD rate to 0.7181 before easing back about 0.5% this morning.
The Aussie dollar managed to strengthen despite a rise in coronavirus cases both locally and in the US. The extension of the JobKeeper and JobSeeker programs by the federal government set a positive tone for the local currency which also move higher agains many other major currencies.
While a higher AUD benefits Australians heading overseas, most locals can't take advantage of it with international travel bans likely to remain in place until at least 2020.
AUD to USD exchange rates
|In the last week||0.6964||0.7181|
|In the last month||0.6840||0.7181|