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.
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.
