Tuesday, May 20, 2014

Losses for the Australian dollar

 Losses for the Australian dollar against major currencies continue into the US session, leading all G-10 movers. Earlier in the day, Reserve Bank of Australia assistant governor Guy Debelle said he expects lower capital inflows from mining, which have been supporting the currency. The New Zealand dollar continues to follow the Aussie lower. The Australian dollar has fallen 0.8% against the greenback, to US$0.9257, and down 0.8% against the yen, to Y93.85. Kiwi down 0.6% against the buck, to US$0.8576, and down 0.7% against the yen, to Y86.93.