Australian dollar stumbles as AI trade sputters, kiwi steadies after rate rout
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Australian dollar stumbles as AI trade sputters, kiwi steadies after rate rout

(Reuters) · Business Recorder · Business & FinanceRead original ↗

SYDNEY: The Australian dollar stumbled on Friday as hefty cash burn by tech giants sparked a rout in equities and dented risk assets, while the New Zealand dollar steadied after being battered by a surprise decision of the central bank to keep rates unchanged.

Australian dollar stumbles as AI trade sputters, kiwi steadies after rate rout

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