WSJ: Aussie Dollar Claws Way Back to US Dollar Parity
The Australian dollar briefly reached parity with the US dollar today for the first time since Sept. 22.
The Australian dollar is gaining as part of a broader rally in risk assets in thinly traded markets.
Japanese markets were closed Monday for a holiday and US markets are thin for the Columbus Day holiday. The Australian dollar had dropped back below parity in recent weeks amid a broad rush to the perceived safety of the US dollar.
The Australian dollar earlier touched exactly $1.00, but has just dipped back to $0.9990, according to CQG.
