Currency Update - August 2nd

Send Payments Currency Update - 2nd August.

For the most part, the AUD had a good week against other major currency pairs. It gained some ground against the USD, EUR and NZD while losing some ground to the GBP. The overall trend seems to be in favor of the AUD for now, but as the recession materializes, investors may switch to risk off positions soon, which could trigger a market correction. In any case, it's worth keeping an eye on the AUD in the coming weeks.