Australian dollar gains ground but unsteady global growth and policy tightening dominate trading - The Australian Financial Review
8/21/2022 12:00:00 AM2 years 8 months ago
by Cecile Lefort
by Cecile Lefort
The Australian dollar regained some modest ground on Monday, but unsteady global growth and more policy tightening ahead of a key Fed appearance dominated trading.
The Australian dollar was just under US69¢, having slumped 3.5 per cent last week in the biggest weekly drop in two years. The Peoples Bank of China cut key lending rates by between five and 15 basis… [+3119 chars]
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