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Aussie dollar's unfortunate popularity

While some in the market are rejoicing at the Aussie dollar's strength, are they ignoring the risks this poses to our economic recovery? And are they underestimating the rising tensions with Beijing?

Karen Maley
Karen MaleyColumnist

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Does the new-found popularity of the Australian dollar represent a further impediment to our post-coronavirus pandemic economic recovery?

That's the question occupying the minds of top policymakers as the Australian dollar has climbed more than 20 per cent against the US dollar since mid-March, making it one of the top-performing currencies in the world over the past few months.

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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com

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    Original URL: https://www.afr.com/markets/currencies/aussie-dollar-s-unfortunate-popularity-20200609-p550rl