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The Australian dollar remains pressured as RBA rate cut speculation swirls
The Australian dollar remains under pressure, briefly falling below the 70 cent level against the greenback on Thursday, leaving it at a four-month low. Here’s the scoreboard at 7am in Sydney on Friday. AUD/USD0.7015,0,0.00% AUD/JPY78.29,-0.40,-0.51% AUD/CNH4.7348,0.0108,0.23% AUD/EUR0.6299,0.0011,0.17% AUD/GBP0.5440,0.0004,0.07% AUD/NZD1.0585,-0.0052,-0.49% AUD/CAD0.9459,-0.0004,-0.04% Having tumbled on Wednesday following the release of a weak Australian inflation report that increased speculation over the prospects of a near-term RBA interest rate cut, the AUD/USD continued to slide on Thursday, briefly falling ... (full story)