SYDNEY: The Australian dollar eased from recent highs on Wednesday after second quarter consumer prices fell the most on record, cementing views inter...
The Australian dollar eased from recent highs on Wednesday after second quarter consumer prices fell the most on record, cementing views interest rates will stay low for a long time.
The U.S. Federal Reserve is expected to strike a dovish stance at its policy review later in the day and dollar bears bet it could even hint at further easing down the road. The Reserve Bank of Australia left rates at an all-time low of 0.25% after an emergency cut in March and may have to do more to reignite consumer prices.
Across the Tasman Sea, the New Zealand dollar was flat at $0.6657, not far from a six-month high of $0.6702 touched on Tuesday.
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