Aussie dollar climbs; US dollar slips

It's Friday and the Australian dollar holds a firm position, giving a relief that some political clouds after Scott Morrison a conservative lawmaker was named as the country's new prime minister

                                                           "Scott Morrison won a vote to be Liberal party leader and Australia’s next prime minister."

U.S dollar is sailing steadily with the  ICE U.S. Dollar Index DXY, at -0.12% tracking the currency against six major rivals, slipping  0.2% to 95.499, putting it on track for a weekly loss of 0.6% as the period winds to a close. Meanwhile, WSJ Dollar Index BUXX, -0.09% which compares the dollar against a wider basket of other currencies, slipped 0.1% to 89.66.

The Australian dollar made a big move in the currency AUDUSD, +0.3726. Compared with $0.7247 on Thursday.  Leaving the country's leadership in doubt on the Aussie dollar that was down 2% during August

Earlier this week we saw the dollar being pressured as Fed’s recent meeting showed support for a further interest-rate hike in the near term which revealed concerns of an ever-escalating trade war.

Being weaker against most crosses, the dollar inched up some against the Japanese yen USDJPY, +0.10% last changing hands at ‎¥111.39 versus ¥111.29.

EURUSD, +0.1819% got up against the dollar with the last change of hands at $1.1544 late Thursday. A final reading on German second-quarter gross domestic product matched the preliminary report, with additional details showing the acceleration in growth was driven by more imports.r.

Over the pond, however, the British pound  GBPUSD, +0.0858%  was flat against the dollar, with sterling last buying $1.2824, barely changed from $1.2815 late Thursday. With .K. Brexit secretary, Dominik Raab released fresh details on the country’s plan for a hard Brexit.

Speculation has been warned that a disorderly exit from the EU could deal affect future relations with the trade block more likely would cause severe economic disruption. The U.K. is set to leave the EU in March.