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Australian dollar hit by dovish rate shift, sinks to one-month low on kiwi
SYDNEY: The Australian dollar was on track for steep weekly losses on Friday after soft jobs data prompted markets to scale back wagers on a fifth rate hike this year, sending the currency to a one-month low against the New Zealand dollar. The Aussie slipped 0.1% to $0.6917 after diving 0.7% overnight to a 15-week low of $0.6895. That broke key support at $0.6904, with bears targeting the June low of $0.6867. It is now headed for a weekly drop of 0.9%, having fallen more than 4% from a peak of $0.7238 in early September. The Aussie also retreated from a 13-year top against the kiwi, falling 1....
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