Article KFWF Australian dollar falls to new six-year low amid economic turbulence

Australian dollar falls to new six-year low amid economic turbulence

by
Australian Associated Press
from on (#KFWF)

Lower commodities prices and bond yields, slower growth in China and narrowing interest rate differentials all contributed to the fall

Ongoing global economic worries have pushed the Australian dollar to a fresh six-year low.

The Aussie is currently buying 69.11 US cents after more selling overnight in the wake of jobs figures from America which showed unemployment had fallen further than expected.

Related: US economy adds 173,000 jobs as unemployment rate drops to 5.1%

Related: The Australian dollar is 'smashed' and teetering over the US70c precipice

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