By guest contributor Stuart Talman, Director of Australian Sales, XE.com.
Friday trade saw the Aussie dollar fall to new multi-year lows, breaking through previous resistance at 0.7040 and falling to 0.7021 – its lowest level since early 2016. Risk aversion permeated throughout financial markets this past week – the sell-off in global equity markets the main talking point. US equity markets are now on track for their worst monthly loss since October 2008. Price action has been whipsawed amid...