Australian dollar strengthens on surging iron ore prices & greenback weakness

The Australian

The Australian currency continued to gain on the US dollar on Monday, hitting AUD 1.32 against the greenback and reaching the highest level since 2018.

Over the year the Australian dollar has gained over seven percent against the greenback. The US dollar has lost nearly 6 percent this year against major global currencies, with the dollar index starting this week down 0.3 percent.

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