Monday, 13 April, 2015

$A lower and not expected to recover

The Australian dollar is lower as traders bet the US Federal Reserve will raise its interest rate in June rather than September. The local currency was worth 76.54 US cents at 1200 AEST on Monday, down from 76.85 US cents on Friday. The US dollar is enjoying a strong rally, which started last week against most of the major currencies, as recent US economic data was seen to increase the chances of a rate rise […] Read More