The only saving grace for the Aussie dollar was that markets reckoned the United States would ease even more drastically than Australia might, so restraining the U.S. currency.
SYDNEY: The Australian and New Zealand dollars were heading for another week of losses on Friday as fears for the health of the global economy fuelled bets on aggressive rate cuts and drove local bond yields to all-time lows.
The only saving grace for the Aussie was that markets reckoned the United States would ease even more drastically than Australia might, so restraining the U.S. currency.
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