Australia Dollar Likely to Grind Lower Even as Interest Rates Set to Rise — Market Talk

The Australian dollar unwound early losses in Asia and is currently trading near 70.30 U.S. cents. The Aussie dollar will likely continue to ease this week and test technical support around 69.51 U.S. cents, says Kristina Clifton, currency strategist at CBA. The strength of the U.S. economy is attr…