Overnight the US dollar fell about 1.6% on the euro to test parity at $0.9999 and 1.3% against sterling to $1.1490.It is down more than 4% since hitting a 20-year peak last week.
On Tuesday, the Reserve Bank of Australia hiked interest rates only 25 basis points when markets had been priced for a better-than-even chance of 50 bps, triggering a sharp bond rally and a reduction in peak cash-rate expectations.
Hope it won't follow Zim dollar style
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