- The Australian dollar is among the biggest winners on Wednesday, thanks to appetite for risk.
- AUD / USD is heading towards the highest daily close since 2018.
The pair AUD/USD it rose further during the US session and reached 0.7685, the highest since April 2018. At time of writing, it remains near the top, with a strong bullish tone supported by risk appetite and a weak US dollar.
Wall Street goes up, DXY goes down
The Dow Jones was up 0.58% today, the Nasdaq 0.28%. Recent developments regarding the AstraZeneca / Oxford vaccine offset Senate Majority Leader Mitch McConnell’s rejection of the new coronavirus stimulus plan.
Major US stock indices are heading for another record close. US economic data was mixed and mostly ignored by market participants. Home sales fell 2.6% in November versus expectations for a flat reading.
The risk appetite environment is boosting commodity currencies. Among them, the Australian dollar is the best performer on Wednesday. AUD / NZD is back above 1.0650 while AUD / CAD is trading around 0.9800, its strongest level in two years.
Technical levels
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