Reuters Australia
Aussie dlr falls to six-month low on rising US$
Friday August 8, 03:23 PM
SYDNEY, Aug 8 (Reuters) - The Australian dollar dropped to its lowest in six months against a resurgent U.S. currency on Friday, pulled down by growing expectations of domestic interest rate cuts and worries about global growth.
The Aussie dollar AUD= fell to $0.8925, its lowest since early February, bringing its losses for the week so far to over three U.S. cents.
Financial markets CSRBA=CSAU are pricing in at least a 25 basis-point rate cut in September, the first reduction by the Reserve Bank of Australia in seven years, amid cooling demand in the economy. (Reporting by Anirban Nag, Editing by Mark Bendeich)
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