Original article by Melissa Yeo
The Australian – Page: 17 & 27 : 8-Nov-18
The Australian dollar peaked at $US0.7272 in local trading on 7 November, after the Democrats gained control of the US House of Representatives in the mid-term elections. The currency had fallen to $US0.7217 after it became clear that the Republicans would retain control of the Senate, erasing the gains it had made earlier in the session. Shane Oliver of AMP Capital says the Australian dollar may also have benefited from a delayed market reaction to the Reserve Bank’s latest economic forecasts.
AMP CAPITAL INVESTORS LIMITED, RESERVE BANK OF AUSTRALIA, DEMOCRATIC PARTY (UNITED STATES), REPUBLICAN PARTY (UNITED STATES), BNY MELLON INVESTMENT MANAGEMENT, RBC CAPITAL MARKETS, STANDARD AND POOR’S ASX 200 INDEX