Australian dollar hits three-year peak on rate-hike bets


Australian dollars are seen in an illustration photo February 8, 2018. REUTERS/Daniel Munoz/ File Photo

SYDNEY: The Australian dollar climbed to a fresh three-year peak on Wednesday as the central bank signalled hawkish policy again, while the greenback came under pressure from softer U.S. economic data.

The Aussie climbed 0.7% to reach $0.7122, the first break above the 71-cent barrier since early 2023. The next chart target is a top from early 2023 at $0.7158 and then $0.7282.

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Australia , dollar , currency , interest rate , RBA

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