While investors warmed to the dollar
and sterling this week, the Canadian, Australian and New Zealand dollars
all slumped to six-year lows as weakness in commodity prices crimped
growth prospects in their respective economies.
Underscoring the bleak outlook, the Bank of Canada cut interest rates for a second time this year on Wednesday.
The Reserve Bank of New Zealand is considered almost certain to lower rates next week, while Australia's central bank is still seen keeping an easing bias for now.
The Canadian dollar last traded at C$1.2954 per USD, flat on the day and not far from a trough of C$1.2974 set earlier in the session. The kiwi dollar dipped below 65 U.S. cents for the first time since July 2009 on Thursday, before steadying at $0.6537.
The Australian dollar stood at $0.7412, up about 0.1 percent from Thursday, when it skidded as low as $0.7350, a low not seen since mid-2009.
The Reserve Bank of New Zealand is considered almost certain to lower rates next week, while Australia's central bank is still seen keeping an easing bias for now.
The Canadian dollar last traded at C$1.2954 per USD, flat on the day and not far from a trough of C$1.2974 set earlier in the session. The kiwi dollar dipped below 65 U.S. cents for the first time since July 2009 on Thursday, before steadying at $0.6537.
The Australian dollar stood at $0.7412, up about 0.1 percent from Thursday, when it skidded as low as $0.7350, a low not seen since mid-2009.
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