Aussie Sinks to a Five-Week Low on RBA Forecasts: Inside G-10
Friday, 8 February 2019 10:22 WIB | CURRENCIES |Aussie

Australia's dollar slid to a five-week low after the central bank cut its growth and inflation forecasts, stoking speculation that it may lower interest rates.

AUD/USD declined as much as 0.6% to 0.7061, lowest since Jan. 4

NZD/USD slipped 0.2% to 0.6735, down 2.4% on the week.

Yen was the sole gainer among Group-of-10 currencies, with USD/JPY down 0.1% to 109.71.

A drop in Asian equities boosted demand for the yen as a haven after U.S. President Donald Trump said he won™t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods.

Bloomberg Dollar Spot Index rose 0.1% in its seventh day of advance, the longest winning streak since December 2017.

Source: Bloomberg

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