Aussie Declines for Fifth Session on RBA Interest Rate Cut Prospects, Economic Data

Jun 18,2019 18:34   Source:Earnforex
The Australian dollar fell today, declining for the fifth consecutive trading session versus such majors as the US dollar and the Japanese yen. While the Aussie also fell against the euro initially, the shared currency of the eurozone has lost its gains by now. The reasons for the decline of Australia’s currency were the prospects for additional interest rate cuts from the Reserve Bank of Australia and unfavorable Australian macroeconomic data released during the Tuesday’s session. The RBA released […]

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