The Australian and New Zealand dollars are lower against their US counterpart as solid retail sales data revived the risk of another Federal Reserve interest rate hike this year. The Australian dollar is quoting at US$0.7808 a level not seen since July 18. The New Zealand dollar slumped to as low as US$0.7224, the lowest since July 12.
The Aussie is off about 1.7 per cent in the last three weeks, after hitting a two-year high of $0.8066 in late July. The kiwi has also declined after hitting a two-year peak of US$0.7557 on July 27.
Units of foreign currency per A$ (16 August 2017)
United States dollar: 0.7842 Chinese renminbi: 5.2446 Japanese yen: 86.77 European euro: 0.6679 New Zealand dollar: 1.0836 UK pound sterling: 0.6094 Indian rupee: 50.39 Hong Kong dollar: 6.1337 Swiss franc: 0.7627 United Arab Emirates dirham: 2.8800 Canadian dollar: 1.0003