Aussie dollar falls on bets of RBA rate cuts in 2027 | Finance Report | ABC NEWS
The Australian dollar continued its slide below 70 US cents as markets are “pricing in” interest rate cuts from the Reserve Bank (RBA) at the end of 2027. The ASX 200 ended its day moderately lower. Myer shares jumped on reports David Jones is on the brink of collapse.
Meanwhile, the US midterm elections have resulted in a Democratic “blue wave” as voters punished Donald Trump and Republicans for their cost of living predicament. It also led to a bruising session for US tech and AI stocks.
Presented by David Chau.
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Read more here: https://www.abc.net.au/news/2026-11-04/asx-markets-business-live-news-nov-4/107343406
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