AU Dollar dips sharply on US economy concerns
The Australian dollar has fallen back significantly after the
At 7am AEDT, the local unit was trading at 103.81 US cents, down from 104.52 cents on Wednesday - a fall of nearly three-quarters of a US cent.
BK Asset Management managing director Kathy Lien said the Aussie currency had followed US stocks down, following comments from the
‘‘They expressed renewed concerns about the US economy,’’ she said.
Advertisement ‘‘I think investors are realising that this concern from policy-makers, including in the
‘‘So, although the comments should be US-dollar bearish, the selloff in US stocks is having a much greater impact on the Aussie dollar.’’
In the minutes of its October 23-24 meeting, the Fed said it could unveil a
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