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Aussie Dollar Falls to Lowest Since July as RBA Hike Bets Fade
The Australian dollar touched the lowest level since early July, extending its decline after domestic labor data pushed traders to scale back expectations of interest rate increases from the Reserve Bank of Australia.
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Prominent analyst Jason Schenker predicts: The Federal Reserve will hold steady in October, and may raise interest rates by 50 basis points in December.
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The Nikkei 225 index fell 3.13% today, now at 65,626.07.
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Australian Unemployment Rate Rose to 4.7% in September on Job Losses, Exceeding Expectations
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