Australian Dollar: Aussie Hits Seven-Month Low as US Dollar Strengthens
The New Zealand dollar also remains near a 19-month low as shifting interest-rate expectations and global market uncertainty pressure regional currencies.
The New Zealand dollar also remains near a 19-month low as shifting interest-rate expectations and global market uncertainty pressure regional currencies.
Stronger US inflation data and hawkish Federal Reserve signals increase expectations of interest-rate hikes, weighing on gold demand.
Spot gold falls 0.4% after Monday’s rally, while markets assess inflation figures and the Federal Reserve’s next interest rate decision.
The dollar remained firm after stronger-than-expected US inflation data and hawkish Federal Reserve comments strengthened expectations of another interest rate increase in December.
The federal government has reduced the mark-up rate on development loans and advances to provincial
Oil prices climbed for a third straight session on Wednesday as renewed hostilities in the