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Both Australian dollar and New Zealand dollar have been on the upside in December 2020. For example, Australian dollar has been making gains of 4.8% in December. That continued this year with the currencies going even higher. In last few days they even reached multi-year highs.
The Australian dollar continues to reach not only the highs of the time since the start of the year, but 34-month high on February 18th. AUD/USD and on February 19th moved to 35-month high and going up. February have seen a rebound and acceleration. Here is the sum up of the faster movements.
- AUD/USD up 1.3% on February 19th by middle of the day
- Up from about 0.76 in start of February to 0.786.
- NZD/USD up by more than 1% on February 19th too
- Up from about 0.723 in start of February to 0.731
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