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Australia's Opposition coalition splits as National Party pulls back
World FX news
Breaking news
Australia's Opposition coalition splits as National Party pulls back
New
2025.05.20 11:09
2025.05.20 11:09
2025.05.20 11:09
The Australian Dollar (AUD) is losing further ground across its major rivals, undermined by the latest political turmoil in Australia. However, traders remain cautious ahead of the Reserve Bank of Australia (RBA) policy announcement due later at 4.30 GMT.
Australia's opposition coalition split as the National Paty withdrew its support.
National Party leader David Littleproud said that they are "ending the coalition with the Liberal Party."
"The National Party will sit alone on a principled basis," he added.
The ruling Labor Party returned with an enhanced and sweeping mandate as the Opposition collapsed.
Last updated
: 2025.05.20
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EUR/JPY weakens below 163.00 on BoJ rate hike bets
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The AUD/NZD cross attracts some sellers in reaction to the Reserve Bank of Australia's (RBA) policy decision and drops to over a one-week low, around the 1.0860-1.0855 area in the last hour.
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2025.05.20 12:35Disclaimer:
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