SYDNEY: The Australian dollar remained fragile on Friday and underperformed its steadier New Zealand neighbour, as falling global commodity prices and the risk of a rate cut at home weighed on sentiment.
The Aussie dollar did struggle up to $0.7096 from a trough of $0.7067, but was still down 1.7 percent for the week.
The kiwi edged up to $0.6724, and well away from a low of $0.6622 touched earlier in the week.
Undermining the Aussie has been speculation the Reserve Bank of Australia (RBA) might cut interest rates at its policy meeting next week, plus the risk of a hike in US rates by the end of the year.
