Downturn fears support dollar, Aussie slumps to two-year low

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LONDON : Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian dollar tumbling to a two-year low.

FILE PHOTO: U.S.dollar banknotes are displayed in this illustration taken, February 14, 2022.

In cryptocurrencies, Bitcoin resumed its slide lower, slipping 2 per cent to trade just above $19,000.Pressed for time?

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Article Details

Category: Economy

Topics: Last Showed 2022 Cent Markets Inflation Dollar Lifted Central Rates Fell

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 10:51:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 585 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 24843

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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