Quantcast
Subscribe to our newsletter

Australian dollar slumps to 10-year low

The Australian dollar has hit a 10-year low against the US dollar, after New Zealand's central bank surprisingly cut interest rates by half a per cent — a move which no economist forecast.

  • Shared by ABC
  • August 08, 2019
share this article

While 18 out of 21 economists surveyed by Reuters forecast an interest rate cut, they all expected a 25-basis-point move. Three others expected no change.

Read more at the ABC

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles