Australia's dollar declined on speculation disagreement among the euro region's leaders on debt-crisis solutions is curbing prospects for growth, damping demand for higher-yielding assets.
The Australian and New Zealand currencies slid before data today forecast to show German business confidence stayed near the lowest in more than two years. Greece and representatives of its international lenders agreed to take a break from inconclusive aid talks. The so-called Aussie declined against all of its major peers before the Reserve Bank of Australia holds a policy meeting next week.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
“Aussie is seeing a bit of slippage on the possibility of the RBA cutting rates as early as October,” said Imre Speizer, a strategist in Auckland at Westpac Banking Corp. (WBC), Australia's second-largest lender. “Markets could remain confined for a while. What could move markets would be some friction news on the Greek-troika inspections,” he said, referring to the group made up of the International Monetary Fund, the European Central Bank and the European Commission.
via Bloomberg
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.