Australian Dollar Slides as U.S. Dollar Strengthens and RBA Cut Bets Rise
The Australian dollar is trading at its lowest levels since March. Traders attribute its weakness to U.S. dollar strength and growing bets on further Federal Reserve rate increases; the body cuts off while describing market pricing.
The Australian dollar remains under pressure, trading at its lowest levels since March. Traders attribute the weakness to strength in the U.S. dollar as bets on further interest rate increases by the Federal Reserve continue to build. At same time, the market is moving toward pricing in interest ra…