$A knocked lower by commodities, Fed mood
Cecile LefortMarkets reporter
The Australian dollar sank below US72¢ as COVID-19 infections in mainland China spread to Beijing, shaking commodity prices and regional sharemarkets on Monday amid a global battle to control inflation.
The Australian dollar was under US72¢ for the first time in six weeks in thin trading. It is Anzac Day in Australia and New Zealand, where the equity markets are closed. The currency slumped to US71.67¢ and has plummeted nearly US5¢ since a peak of US76.61¢ this month.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Currencies
Fetching latest articles