Currency Note Worldwide

Big fall for the Australian dollar

By Ricky Bean May 25th, 2016

The Australian dollar had its biggest drop in almost a week yesterday, thanks to comments from central bank governor Glenn Stevens which did little to quash the expectations of further policy easing. The Australian dollar fell against 14 of its 16 major peers as Gov. Stevens confirmed the RBA’s inflation target was not rigid. Australia will release their Private expenditure early tomorrow: the forecast is greatly down on last months at -3.2%.

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