- The Australian dollar had a poor start to the week, hitting eight-month lows against its US counterpart on Monday. Data showing that the US economy grew at its quickest pace for two-and-a-half years was the overriding reason for the greenback holding firm. The Aussie dollar dropped 0.59% to 0.8684, its lowest point against its US counterpart since January.
- Monday also saw the New Zealand dollar have a disastrous start to the week as it slumped to one-year lows. Like its Australian counterpart it struggled to hold firm against the US dollar following the release of a better-than-expected report on US economic growth.
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