Australian dollar lower against US
THE Australian dollar is lower against a surging US dollar as more traders bet on a June interest rate rise by the Federal Reserve.
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THE Australian dollar is lower against a surging US dollar as more traders bet on a June interest rate rise by the Federal Reserve.
At 0630 AEST on Monday, the local unit was trading at 76.68 US cents, down from 76.85 cents on Friday.
The greenback enjoyed a strong rally last week after solid economic data increased the chances that the Fed would raise its rate sooner rather than later.
CURRENCY SNAPSHOT AT 0630 AEST ON MONDAY
One Australian dollar buys:
* 76.68 US cents, from 76.85 cents on Friday
* 92.20 Japanese yen, from 92.64 yen
* 72.45 euro cents, from 72.18 euro cents
(*Currency closes taken at 1700 AEST previous local session)
Source: IRESS
Originally published as Australian dollar lower against US
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