Aussie Drops on Fed Rate Outlook as Goldman Cuts China Forecast

Updated on
  • Speculators raise bearish Aussie bets to a five-month high
  • Kiwi slumps as business confidence drops to least since 2009

Australia’s dollar dropped toward a six-year low versus the greenback after Federal Reserve Vice Chairman Stanley Fischer kept alive speculation that U.S. interest rates will increase next month and Goldman Sachs Group Inc. cut its forecast for Chinese growth.

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