Archive · Business Recorder
Australian dollar gains on euro weakness, kiwi waits for inflation data
SYDNEY: The Australian dollar gained on Monday, helped by flows out of the euro in the wake of rioting across France, while the kiwi awaited key inflation data that could make or break the case for a third rate hike this month. Economic data from China also surprised on the upside, with the economy growing 4.5% in the third quarter, easing the pressure on policymakers to deliver more aggressive stimulus. China is Australia’s biggest trading partner and a stronger economy there supports demand for key Australian commodities such as iron ore and copper. The Aussie rose 0.5% to $0.6978, after fal...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →