Australia dollar hits 3-year high versus sterling; kiwi at 2-month lows

Australia dollar hits 3-year high versus sterling; kiwi at 2-month lows

The Australian dollar hit a new three –year peak against the pound on Friday as sterling took a beating amid fears of a hard Brexist departure from the European Union.The pound was down 1.3 per cent against the Aussie at A$1.6417.The New Zealand dollar fell for a fifth straight session to a fresh two-month low on Friday. It slipped below key chart support of US$0.7200 to trade down 0.3 percent.The Australia dollar edged 0.1 per cent lower to US$0.7576,Near two week lows as the greenback gained on the back of encouraging data,bolstering  expectation of a Fedral Reserve rate hike this year.Australian government bond futures slipped too, with the three-year bond contract down two ticks at 98.40. The 10-year contract down one tick to 97.86.

The Australian dollar hit a new three –year peak against the pound on Friday as sterling took a beating amid fears of a hard Brexist departure from the European Union.
      Australia dollar hits 3-year high versus sterling; kiwi at 2-month lows                                                                                                                                               For More Details Click Here..                                                                                                                       

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