Australian dollar hits four-month high as U.S. rate-rise odds fade
The Australian dollar broke to four-month highs versus the U.S. dollar as markets pared the chance of a near-term rise in U.S. interest rates; the New Zealand dollar struggled on a dovish domestic policy outlook.
By Wayne ColeThe Australian dollar broke to four-month highs on the greenback on Friday as markets pared the chance of a near-term rise in U.S. interest rates, while the New Zealand dollar struggled with a dovish shift in the policy outlook at home.In contrast, data on economic growth and inflation…