G'day, I'm new to forex and having a hard time understanding how the economy the AUD/USD.
Take today for example. The S&P/ASX 200 is up +3.75% with most of the market is in the green. Why is our Aussie dollar dropping?
My understanding is if we do well, then our dollar goes up? The same goes if the US does bad then we go up. Is this correct or am I just totally wrong.
Thanks.
