Aussie slips in narrow trade
The local unit remains caught between commodity price gains and interest rate bets.
The local unit remains caught between commodity price gains and interest rate bets.
The local unit has held onto its gains in late trade, boosted by the sharp rebound in consumer confidence.
The Aussie dollar has nudged higher, with investors focused on the RBA’s decision on interest rates tomorrow.
The Aussie dollar weakened amid growing expectations the RBA will cut interest rates next month.
The Aussie dollar hit its highest level since late August after the US Fed explained why it delayed a rate rise.
The Aussie dollar was stronger today as traders squared positions ahead of a looming Fed rates decision.
Westpac has sharply downgraded its Aussie dollar forecast as global confidence in our economy wanes.
The Australian dollar traded at a six-year low below US69c today amid concerns about world growth.
The dollar was little changed today even after the RBA said the currency’s recent weakness would deliver stimulus to the economy.
The Australian dollar is at risk of weakening further in coming months, with three of the country’s major banks warning of headwinds.
Original URL: https://www.theaustralian.com.au/author/james-glynn/page/30