Surprising Election Victory Boosts the AUD
A surprising victory of the conservative coalition in the elections helped AUD/USD surge to four-month highs.
Arslan Butt•Monday, May 20, 2019•1 min read

It’s been a good day for the Aussie as a surprising victory of the conservative coalition in the elections helped AUD/USD surge to four-month highs. At the time of writing, this forex pair is trading at around 0.693, well over the 0.6865 low it had touched recently.
However, this sudden boost in the Australian dollar may not diminish chances of a rate cut by the RBA. Economists are expecting the central bank to cut interest rates some time in the coming months.
Recently, the employment data released had weakened the AUD against the US dollar as unemployment levels touched 5.2%. Meanwhile, the US-China trade war uncertainty continues to put pressure on the economy.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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