international
Aussie dollar dives to two-month low amid interest rate fears
Key takeaways
- The Australian dollar drops to its lowest level since April 8.
- The Australian dollar fell to its lowest level in over two months, just over 70 cents to the US dollar.
- The weakness stems from a renewed surge in the US dollar as global interest rates, including US interest rates, rise.
Why this matters: an international story with cross-border implications worth tracking.
The Australian dollar drops to its lowest level since April 8. (AAP: Joel Carrett)
The Australian dollar fell to its lowest level in over two months, just over 70 cents to the US dollar.
The weakness stems from a renewed surge in the US dollar as global interest rates, including US interest rates, rise.
Article preview — originally published by ABC Australia. Full story at the source.
Read full story on ABC Australia →
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