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Australian dollar slides as $US regains its strength

THE Australian dollar has slipped back below 78 US cents as the US dollar regain its strength.

Stacks of Australian one dollar coins. Focus on front coin.
Stacks of Australian one dollar coins. Focus on front coin.

THE Australian dollar has slipped back below 78 US cents as the US dollar regain its strength.

At 0630 AEDT on Wednesday, the local currency was trading at 77.67 US cents, down from 78.22 cents on Tuesday.

The US dollar pushed higher overnight after a US Federal Reserve official said interest rates should rise from mid-2015.

Originally published as Australian dollar slides as $US regains its strength

Original URL: https://www.couriermail.com.au/business/markets/australian-dollar-slides-as-us-regains-its-strength/news-story/48e95d8e5549aa773d96cc2fbece9349