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Decision affects only the $5 bill, as it was the last banknote denomination featuring the monarch's likeness.
The Australian dollar has fallen rather hard during the course of the training week, but it does look like buyers a step back in at the lows of last week.
The Aussie dollar has plunged during trading on Friday, as the US jobs report shocked. The Bureau of Labor Statistics announced 518,000 jobs were added last month, much more than the anticipated 188,000 by Wall Street.
By Ambar Warrick
The nation's central bank said Thursday its new $5 bill would feature an Indigenous design rather than an image of King Charles III. But the king is still expected to appear on coins.
The Australian dollar initially trying to rally during the trading session on Thursday but gave back gains after we tried to break out the top of the massive candle on Wednesday.
By Ambar Warrick
The Australian dollar has rallied early on Wednesday as we continue to see a lot of noisy behavior. Ultimately, this is a situation where we are waiting for the FOMC and therefore a lot of noise is being felt.
The Aussie has fallen rather hard during the trading session on Tuesday, reaching down below the 0.70 level early in the session.
By Ambar Warrick