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Aussie dollar soars against slumping greenback
The Australian dollar rose 1.4%, nearing 70 US cents due to a weaker US dollar and expectations of Reserve Bank of Australia rate hikes after strong employment data.
Summary by PerthNow
8 Articles
8 Articles
Australian dollar cracks 70 US cents on climb to three-year high
The Australian dollar has surged overnight to its highest level against its US counterpart since February 2023, driven by a plunge in the greenback.The Aussie currency was buying US70.11 cents earlier today after climbing 1.4 per cent.It hit the mark in the lead-up to the release of new inflation figures today, expected at 11.30am.READ MORE: The silver lining for the Australian dollarThe Reserve Bank of Australia is tipped to lift interest rate…
·Australia
Read Full ArticleAussie dollar jumps to three-year high of 70 US cents as gold prices hit new record
The Australian dollar has climbed to its highest level since February 2023 ahead of the latest ABS inflation data, which could further increase the odds of the Reserve Bank lifting interest rates at its policy meeting next week. Follow live.
·Australia
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Total News Sources8
Leaning Left2Leaning Right4Center1Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 29%
14%
R 57%
Factuality
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