TOKYO - The Australian dollar got a boost against the greenback on Monday following a surprise election victory by the country’s conservative government, while the yen dipped slightly on a recovery in market sentiment.
The Aussie was the big mover early in Asia and was last up half a percent at $0.6904, having bounced from a four-month trough of $0.6865. It was briefly quoted as high as $0.6990 but dealers said that was a miss-hit and the true dealt peak was $0.6938. “But election results in the past haven’t been a big driver for the Australian dollar. A change of government doesn’t usually lead to a big change of policy,” he said.
The yen dipped on a broad improvement of risk appetite among investors. Data showed the Japanese economy was stronger than expected in the last quarter.
Why is it always a surprise when the Apocalyptic Alarmists lose an election? Happens everywhere when people are paying attnetion!
The quality of the work area of the use of the State of the Union and the work legislation of the Australian tie in order to achieve systems equivalent to the penetration of the scope of the channel to equalize the quality of the industries and permit the circulation
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