A flash crash-style event in the foreign exchange markets briefly sent the Australian dollar to a 10-year low against the greenback in a wild 24 hours for the currency, which experts say faces further losses ahead in 2019.
The Australian dollar fell more than 6 per cent against the Japanese yen within six minutes from 9.30am AEDT on Thursday, and almost as much against the US dollar, sparking international intrigue as to what was behind the highly unusual move.
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Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
