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Australian dollar’s plunge casts doubt on RBA rate hike forecasts

Local investors woke up to a sea of red after they noticed the Australian dollar had plunged against the world’s major currencies.

Australian dollar’s plunge casts doubt on RBA rate hike forecasts
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The Australian dollar’s biggest losses were against the British pound (-1.9 per cent), followed by the euro (-1.3 per cent), Japanese yen (-1.1 per cent) and US dollar (-1 per cent), at 7:00am on Thursday (AEDT).

Read the full article on ABC Online.

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