{
  "id": 19613803,
  "title": "Australian dollar hits 7-month low, kiwi just above a 19-month trough",
  "url": "https://urgent.news/2026/11/12/australian-dollar-hits-7-month-low-kiwi-just-above-a-19-month-trough",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T06:27:30.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40448558/australian-dollar-hits-7-month-low-kiwi-just-above-a-19-month-trough"
  },
  "original_language": "en",
  "account": "Sydney, Australia - The Australian dollar reached a seven-month low on Thursday as the US dollar made a strong comeback, threatening to push the Aussie through a crucial support level and extend its decline. Meanwhile, the New Zealand kiwi was seen hovering near a 19-month trough. The Aussie dropped 0.1% to $0.6838, its lowest since March, after declining 0.3% the previous day. It is now hovering above support at $0.6834, and a decisive break could drive it to levels not seen since January. Meanwhile, the kiwi dollar remained steady at $0.5569 after falling 0.8% on Wednesday, leaving it in close proximity to its 19-month low of $0.5529. Near-term resistance is near $0.5650.\n\nThe Australian dollar's weakness appears to be exacerbated by the broader market sell-off, with Nvidia's board meeting on Wednesday to consider whether to remove CEO Jensen Huang. Nvidia shares plunged 8% in after-hours trading. Strategist Imre Speizer of Westpac noted that momentum has shifted to the downside, citing the Reserve Bank of Australia's more cautious stance and market pricing suggesting a potential end to the economic cycle as factors weighing down the market.\n\nIn the broader forex markets, the US dollar was near a 19-month peak, as traders bet that the Federal Reserve might raise interest rates by 50 basis points in the upcoming month to combat inflation. Currently, inflation stands at 10%. The RBA is expected to maintain interest rates at their highest level in 18 years, at 4.85%, until the second half of 2027 when rate cuts are anticipated. Meanwhile, the Reserve Bank of New Zealand is widely expected to raise interest rates by a quarter-point in December to 3%, with two further hikes likely by the end of the following year.",
  "summary": "SYDNEY: The Australian dollar hit a seven-month low on Thursday as a resurgent greenback threatened to push the Aussie through a key support level and extend its slide, while the kiwi hovered near a 19-month trough. The Aussie slipped 0.1% to $0.6838, its weakest since March, after losing 0.3% on Wednesday. It is now perched above support at $0.6834 and a decisive break could take it to levels…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}