Scoop has an Ethical Paywall
Australian Dollar Also Takes Dive
$A Fuels Inflation Jitters
By Paul Cleary and Corinne Lim
The Australian dollar lost more than US2¢ yesterday in a global currency shake-up that increases the risk of a sharper September quarter inflation spike and boosts the prospect of another interest rate rise later this year.
The dollar's dive to US56.85¢ was fuelled by selling from Japanese investors, according to local traders.
It
came as currency markets reacted to a sell-off in the euro
on Tuesday night on fears about slower European growth and a
stronger Japanese currency.
More
Advertisement - scroll to continue reading
Advertisement - scroll to continue reading
UN News: Healing Page By Page In Earthquake-affected Türkiye
Save The Children: Rate Of Attacks On Healthcare in Gaza Higher Than In Any Other Conflict Since 2018
UN News: Green Light For New Cholera Vaccine, Ukraine Attacks Condemned, Action Against Racism
Laureus: Grand Slam Champion Garbiñe Muguruza Announces Retirement Ahead Of Laureus World Sports Awards
Carbon Market Watch: Going For Green - Is The Paris Olympics Winning The Race Against The Climate Clock?
New Zealand Defence Force: NZDF Working With Pacific Neighbours To Support Solomon Islands Election