Australian dollar hit by dovish rate shift, sinks to one-month low on kiwi
SYDNEY: The Australian dollar was on track for steep weekly losses on Friday after soft jobs data prompted markets to scale back wagers on a fifth rate hike this year, sending the currency to a one-month low against the New Zealand dollar. The Aussie slipped...
SYDNEY: The Australian dollar was on track for steep weekly losses on Friday after soft jobs data prompted markets to scale back wagers on a fifth rate hike this year, sending the currency to a one-month low against the New Zealand dollar. The Aussie slipped 0.1% to $0.6917 after diving 0.7% overnight to a 15-week low of $0.6895. That broke key support at $0.6904, with bears targeting the June low of $0.6867. It is...