(Bloomberg) -- The Australian dollar was poised for
a weekly decline as traders pared bets the central bank will
increase the interest rate any time soon.
The currency extended its slide from an 18-year high
touched last week after Reserve Bank of Australia Governor Glenn
Stevens yesterday said he has ``time'' to respond to faster
economic growth and inflation. Traders this week almost halved
the odds of a quarter-point rate increase by August, according
to cash rate futures.
Read more at Bloomberg Currencies News
a weekly decline as traders pared bets the central bank will
increase the interest rate any time soon.
The currency extended its slide from an 18-year high
touched last week after Reserve Bank of Australia Governor Glenn
Stevens yesterday said he has ``time'' to respond to faster
economic growth and inflation. Traders this week almost halved
the odds of a quarter-point rate increase by August, according
to cash rate futures.
Read more at Bloomberg Currencies News
No comments:
Post a Comment