Aussie dollar falls to five-month lows as US currency strengthens

THE Australian dollar has fallen to five month lows, mainly on the strength of a strengthening US currency responding to policies being flagged by US president-elect Donald Trump and the prospect of a US interest rate rise. A few minutes ago (3.40pm) the A$ was trading at US73.27c, its lowest rate since June 3. As recently as Thursday last week, the currency was trading at 76.8c, but has dropped more than 3.5c since. The latest shift ends a five-month cycle of stability for the A$, which has traded in a narrow 1c band around US76c since mid-year. A lower currency…

Source: Beef Central
Aussie dollar falls to five-month lows as US currency strengthens