Wednesday, 08 May 2013 03:57
Posted by Asad Naeem
SYDNEY/WELLINGTON: The Australian dollar struggled near a two-month low against the US dollar on Wednesday as investors speculated that more interest rate cuts were in the cards after the Reserve Bank of Australia cut its official rate to a record low on Tuesday.Aussie trades at $1.0185, having fallen more than 0.5 percent to $1.0155 offshore, its weakest since early March. Bids suspected around $1.0150, where option barriers lie, are seen offering some near-term support.The New ...