The Aussie dollar just hit its lowest point in over two months, dipping below 71 US cents—thanks to a surging US dollar fueled by strong job data that’s making markets nervous about another Fed rate hike. For Aussies, this means travel costs go up and exports get a boost, while the Reserve Bank watches closely as inflation risks rise ahead of their next rate decision. Globally, Wall Street’s jitters sent shockwaves through Asia’s markets too.
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