Aussie PM Remains in Power

Posted Monday, August 20, 2018 by
Rowan Crosby • 1 min read

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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments