The Australian Dollar is on course to make its biggest quarterly drop since 2008 on speculation that the US Federal Reserve will taper its monetary easing programme later in the year. The expectations have seen demand fall for Australian assets. Meanwhile the New Zealand Dollar has continued to strengthen as it rallied with Asian stocks. The ‘Kiwi’ has found support after data showed that new building permits in the country increased by 1.3% to 1,818 in May, the biggest increase since 2008. Economists had been expecting a decline of 3.9%. #australia #newzealand #dollar #money
Posted on: Fri, 28 Jun 2013 10:30:12 +0000
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