In short

1. The AUD/USD hits a 3 month high of 0.6675 as hopes for an economic recovery increase
2. The Australian dollar is nearly 12 cents higher from its lows in late March
3. The AUD has also rallied higher against the Euro, Yen and British Pound in the past 2 months

The Aussie dollar has made a remarkable recovery to hit a 3 month high against the US dollar at 0.6675. As the world entered the economic downturn caused by COVID-19, the Australian dollar fell sharply. Since late March though, it has made a comeback, rising against most major currencies.

It's been a huge bounce for the Australian dollar since late March with massive gains against most of the major currencies.

• The AUD to USD exchange rate has risen more than 20% in the last 2 months
• The AUD to EUR exchange rate fell below 0.5300 but is now 0.6000
• The AUD to GBP exchange rate hit 0.4882 but has risen to above 0.5400 today
• The AUD to JPY exchange rate fell below 63 but is now above 71