Australian Dollar Extends Rally as Rate-Hike Odds Narrow
The Australian dollar firmed 0.1% to $0.7011 against the US dollar after rising 0.3% overnight, as US yields declined and investors narrowed the odds of another domestic rate hike following hawkish central-bank comments.
The Australian dollar was on track for a fourth consecutive session of gains on Wednesday, supported by lower US yields and reduced investor expectations for another domestic interest rate increase following hawkish remarks from a central banker. The currency added 0.1% to $0.7011 FX:AUDUSD after climbing 0.3% overnight, reaching as far as…