Australian dollar tumbles, hits 2 months low vs yen

You might also like

shanghai shares start week with losses 25 june 2018

25/06/2018

European stock markets slide at open 25 june 2018

25/06/2018

PERTH: The Australian dollar dropped to its lowest in over two months versus the yen on Wednesday as an unexpected drop in copper value spooked a market already concerned about constant fall in oil.
After a fairly steady start, the commodity-sensitive Aussie turned tail as a wave of stop-loss selling pushed London copper to a 5-1/2-year low.
The industrial metal is often considered a barometer of global demand.
The Aussie shed 1.1 percent against the safe-haven yen to a 2-1/2 month trough of 95.14. It fell 0.7 percent against the greenback to $0.8110, pulling further away from a near one-month high of $0.8254 set on Monday.