THE Australian dollar is weaker
against US counterpart which remains strong following comments from the
Federal Reserve on the timing of an interest rate rise.
At 0630 AEST on Tuesday, the local currency was trading at 73.32 US cents, down from 73.90 cents on Monday.
The Aussie weakened overnight against the greenback, which hovered around a three-month high following suggestions from the US Fed that its interest rate could be raised in September.
CURRENCY SNAPSHOT AT 0630 AEST ON TUESDAY
One Australian dollar buys:
* 73.32 US cents, from 73.90 cents on Monday
* 91.63 Japanese yen, from 91.73 yen
* 68.09 euro cents, from 68.17 euro cents
At 0630 AEST on Tuesday, the local currency was trading at 73.32 US cents, down from 73.90 cents on Monday.
The Aussie weakened overnight against the greenback, which hovered around a three-month high following suggestions from the US Fed that its interest rate could be raised in September.
CURRENCY SNAPSHOT AT 0630 AEST ON TUESDAY
One Australian dollar buys:
* 73.32 US cents, from 73.90 cents on Monday
* 91.63 Japanese yen, from 91.73 yen
* 68.09 euro cents, from 68.17 euro cents
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