Aussie soars to 2-year high

Economies.com
2017-07-19 02:31AM UTC

Aussie continued to rise for second session in a row, hovering around a two-year peak, as the dollar tumbled, in addition to the Minutes of the Reserve Bank of Australia, which underpinned growth forecasts for the economy.

The dollar swooned to ten-month trough after Congress failed to pass the revised healthcare law, casting a shadow over risk appetite in markets as investors expect similar failure for tax reforms. 

Minutes of the RBA had a positive release yesterday that showed an improvement in the labor market and wages growth.

AUD/USD last traded at 0.7927, with a session-high at 0.7935, after opening from 0.7917 and session-low at 0.7918. 

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