Freefalling Australian and New Zealand Dollars Look Set for More Pain
- Losses in both are ‘almost certainly not done,’ NAB says
- They have tumbled below the key level of 60 U.S. cents
Photographer: Brent Lewin/Bloomberg
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The dramatic break below 60 U.S. cents for the Australian and New Zealand dollars is an ominous sign of deeper losses as two of the last major holdouts against quantitative easing race toward it.