Australian dollar continues to slide

dollar20The Australian dollar continues to slide Wednesday, trading at 70.99 US cents at 0800 AEST from 71.19 on Tuesday.

Traders of the local unit will be watching Wednesday’s release of first-quarter inflation figures by the Australian Bureau of Statistics.

The data could give clues about the Reserve Bank’s likely rate-setting path through the coming months, with the market anticipating a weak print.

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

Inside FMCG Jobs

Loading...

FMCG Products

Company:

Category:

View details

Latest Poll

Do you think glyphosate, the active ingredient in Roundup, should be banned?
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered