The Australian Dollar (AUD) continued its gains against the US Dollar (USD) for the second straight day on Tuesday, rising from 0.6131, its lowest level since April 2020. The AUD/USD pair strengthened as the AUD benefited from strong commodity prices.
US President-elect Donald Trump's economic team believes that gradually increasing import tariffs is boosting investor confidence, supporting risk-sensitive currencies such as the AUD and contributing to the appreciation of the AUD/JPY pair.
Source: FXStreet
