... year-to-date low against the Australian dollar. In late local trade on Monday, as French Prime Minister Manuel Valls announced the resignation of his government, the Aussie was buying 70.6 euro cents, compared with around 70.2 euro cents late on ...
The Australian dollar is weaker against the strengthening greenback, following promising US economic data. At 0700 AEST on Wednesday, the local currency was trading at 93.02 US cents, down from 93.29 cents on Tuesday.
The Australian dollar rose after the Reserve Bank of Australia indicated in its minutes it will hold fire on rates despite uncertainty over the growth outlook, but the currency is set to be tested further over the coming days.
At 0630 AEST on Thursday, the local currency was trading at 93.38 US cents, up from 93.32 cents on Wednesday. BK Asset Management managing director Boris Schlossberg said investors sold the US dollar, taking profits as we near the end of August.