According to Jin10, Mitsubishi UFJ analyst Lee Hardman said the Australian dollar was the worst-performing G10 currency overnight, even though it had been the best performer in the G10 year to date.
He said selling in AI-related chip stocks and concerns about semiconductor technology progress had revived risk aversion and put pressure on the Australian dollar. Bulloch's remarks did not signal an imminent rate hike, further weakening the Australian dollar, while markets were still pricing in one more rate hike later this year.
STOCKS | Mitsubishi UFJ Analyst Says Australian Dollar Was the Worst-Performing G10 Currency Overnight
2026-07-28 08:57:14
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