Dollar drops, Aussie outperforms as risk appetite improves
June 2, 2020
Safe havens the U.S. dollar and Japanese yen fell on Tuesday, and higher-risk currencies, including the Australian dollar, jumped, as risk appetite grew on optimism that the worst of the economic downturn from the spread of the coronavirus is in the past.
Asia Pacific stocks higher; investors watch U.S.-China tensions
June 1, 2020
RBA Governor Philip Lowe said in a monetary policy statement released Tuesday that the recovery of the global economy "will get under way" if the past month's decline of coronavirus infection rates and easing of restrictions on activity continues.