Published: January 02, 2019
Traders punish perceived riskier currencies such as the Australian dollar and the euro, while boosting the yen
The Australian dollar has dropped to its lowest level in 10 years against the greenback.
The Aussie dollar, which was trading just above 70 US cents on Wednesday, dipped sharply around 9.30am AEDT on Thursday, trading at 67.49 US cents. That’s a drop of more than 3%. The last time the Australian dollar was so low was in early 2009. At 9.45am AEDT it had rebounded somewhat, to 68.68 US cents.
Continue reading...from The Guardian http://bit.ly/2F3wd6w
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