AUSTRALIAN DOLLAR SENT ON WILD RIDE AS EQUITY ROUT RATTLES CURRENCIES
Wednesday, August 26, 2015
The Australian dollar on Tuesday recovered from a mini "flash crash" the night before that saw it close to dropping beneath US70¢ for the first time since April 2009.
The currency plunged close to US2¢ to US70.5¢ on Monday night in sympathy with a dramatic start to Wall Street trading that saw US equities slump.
But the Aussie rebounded quickly from the drop and in the space of minutes had reached US72.5¢. In afternoon trade on Tuesday it fetched US71.97¢.
Get social with us and see the latest news items from:
