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The Guardian - AU
The Guardian - AU
Business
Jonathan Barrett

The Australian dollar is (oddly) rising – what does ‘sell America’ sentiment have to do with it?

A composite image of the Australian dollar and Australian Securities Exchange (ASX) digital board
The Australian dollar has been a standout performer since Donald Trump’s inauguration and many analysts expect it to rise further. Photograph: Joel Carrett/AAP

When Donald Trump threatened tariffs on European allies during the Greenland dispute, the Australian dollar increased in value against its US counterpart.

The movement was odd, given the Australian currency typically falls during periods of global unease.

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