Aussie Falls for 3rd Day Versus Dollar on Fed Taper Speculation
This article is for subscribers only.
Australia’s dollar fell for a third day versus the greenback amid speculation U.S. payrolls data tomorrow will encourage the Federal Reserve to continue tapering stimulus that has boosted asset prices around the world.
The Aussie slid against all its major counterparts after a report yesterday showed U.S. hiring jumped last month by the most in a year. It weakened toward a five-year low versus the New Zealand dollar. Declines in Australia’s currency were limited after figures showed retail sales rose more than economists forecast.