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Australian Dollar Slide To Multi-Month Low

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June 17

While Australia unemployment dropped, the Australian dollar weakened also. The big drop in Australia unemployment to 5.1% helped was not moving the Australian dollar much up. Australian dollar fell by about 3% in last few days. On June 17 the Australian dollar was near 0.75 in US dollar, while trading above 0.77 about a week ago. The RBA is expected to start raising rates in 2023. FED is predicted to do so a bit earlier, but some estimates in the same year. You can see more at our Twitter and in a graph below.   

Australian Dollar Forex


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