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Australian Dollar recovers as US election fallout overshadows dovish RBA signals

AUD/USD edges higher on Wednesday as the US midterm election outcome weighs on the US Dollar (USD), helping the Australian Dollar (AUD) recover from the two-week lows reached following the Reserve Bank of Australia’s (RBA) dovish interest rate hike on Tuesday.

Australian Dollar recovers as US election fallout overshadows dovish RBA signals

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Trump's aid decision could shake Gulf confidence in US security commitments - interview

The Middle East would like to view a surprise end in the assistance to its most important strategic ally as a cause for concern on Washington’s long-term commitment to its regional partners.”

  • Israeli officials support Trump's decision to reduce aid to Israel.
  • Unilateral nature of decision raises concerns about US commitments.
  • Uncertainty over MOU for US military assistance to Israel.

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