Australian dollar slips
At 0635 AEST on Wednesday, the Australian dollar was worth 80.19 US cents, from 80.37 US cents on Tuesday.
BK Asset Management managing director Kathy Lien said although the US dollar gained against the Australian dollar, it underperformed versus some other currencies.
“The inconsistency in the dollar’s performance is actually a positive sign because it reflects the improvement in risk appetite,” she said.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.