The Australian dollar has gone to the end of the day.
It were 3 candidates who were there in the ring to become the prime minister and in the end, it was Scott Morrison who unseated the PM PM Malcolm Turnbull which caused a rally in the Aussie dollar as a business and market friendly candidates.
"PM Morrison is the most market-friendly option, having successfully negotiated through multiple portfolios such as social security, border security, and more recently," said Annette Beacher, a Singapore-based chief strategist. at TD Securities.
This will be the case for the Australian dollar and the Australian dollar for commodities and interest rates.
The United States of America and the United States of America, the United Kingdom and the United Kingdom, have overturned the rate of interest in the UK. the situation will probably only get worse.
A recent slowdown in China has raised that they will reduce their demand for commodities such as Iron ore which is Australia's biggest export and that will be another minus for the Australian dollar
"Sean Callow, a senior currency strategist from Westpac," said Sean Callow, "It is hard to avoid".
"But history argues for this effect to be short-lived. He said that he would like to take on the key drivers of the Aussie.
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