Aussie PM Remains in Power
The Australian PM Malcolm Turnbull has overcome a challenge to his leadership, from fellow Liberal party member Peter Dutton.
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Last updated: Monday, August 20, 2018
Just a quick note from Australian politics.
The Australian PM Malcolm Turnbull has overcome a challenge to his leadership, from fellow Liberal party member Peter Dutton.
In recent weeks, the PM has been under a fair bit of pressure thanks to some weak positions on key policy issue. Particularly on energy. Australia pays some of the highest rates of energy in the world, despite being a resource heavy nation.
The AUD/USD is slightly lower on the news after the USD showed further weakness today.
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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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