Australian dollar leaps to 2-mth top on yen, kiwi underwater

Quick Summary:

SYDNEY: The Australian dollar hit a two-month high on the yen on Thursday as markets scaled back expectations for Japanese rate hikes, while the New Zealand dollar suffered from wagers of more aggressive policy easing at home.

The yen slid broadly after new Japanese Prime Minister Shigeru Ishiba came out against another rise in interest rates.

The Reserve Bank of Australia (RBA) is seen moving glacially in contrast, with the chance of a first cut in November put at just 16%.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaJapanNew ZealandUnited States

Topics: Yen Currency /Business/Business News Australian Dollar NZ Forex

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 09:56:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22855289

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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