Aust dollar hits fresh 3-year low

Strong US economic data increases chance Federal Reserve will speed up paring of stimulus.

The Australian dollar has fallen to a fresh three-year low after strong US economic data raised the possibility the Federal Reserve will start winding down its economic stimulus program soon.

At 0700 AEST on Friday, the local unit was trading at 89.26 US cents, down from 89.58 cents on Thursday.

In overnight trade the currency dropped as low as 89.08 US cents, very close to the 89.02 US cents mark that was reached in September 2010.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles