Australian dollar plumbs 10-month lows as US yields keep climbing

SYDNEY: The Australian dollar was pinned near a 10-month low on Friday as US yields kept climbing on growing bets of a half-point Federal Reserve hike, while falling commodity prices and fading yield support added to the drag. The Aussie slipped 0.1% to $0.68, after falling as much as 0.6% overnight to $0.6798, the lowest level since late January. It broke critical support at $0.6835, with bears…

First reported by Business Recorder 7 hr ago1 source

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Business Recorder06:487 hr ago
Australian dollar plumbs 10-month lows as US yields keep climbing (opens Business Recorder in a new tab)
SYDNEY: The Australian dollar was pinned near a 10-month low on Friday as US yields kept climbing on growing bets of a half-point Federal Reserve hike, while falling commodity prices and fading yield support added to the drag. The Aussie slipped 0.1% to…

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