Cash-rich companies have lower credit risk and can invest in growth, even when debt-ridden rivals are pulling back.
The week for the AUD/USD pair has been one sideways noise, especially as the geopolitical risks continue to take front and center stage for people’s attention.
The AUD/USD pair fell hard overnight as word got out that Israel attacked Iran. However, we have seen a complete turnaround.
The Aussie continues to attempt a recovery on Thursday, as the market is currently threatening a significant level in the market.