The Aussie dollar broke below US74c and is clearly the thing to watch this week as markets continue to digest the result of the US election.
As this chart shows, the Australian currency has decisively broken away from its normal main influence – commodity prices – and is falling because the US dollar is surging after the election. But rising commodity prices are not without any influence: the Australian currency has fallen by about half as much as both the euro and yen, held aloft by commodities.
The A$ Is Not Following Commodities Higher – AUDUSD and CRB commodity index
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