$A hits two-month low as global shockwaves trigger rate rise warning

Investors dumped the Australian dollar and bonds on Monday after renewed fighting in the Middle East and a strong US jobs report raised the spectre of higher interest rates in both America and Australia in the months ahead.

The Aussie, often traded as a proxy for global risk, fell 1.2 per cent to its lowest level in two months at US70.45¢ after Iran launched ballistic missiles at Israel over the weekend in the most serious test so far of a fragile two-month ceasefire between the adversaries.

Source: https://www.afr.com/markets/currencies/a-hits-two-month-low-as-global-shockwaves-trigger-rate-rise-warning-20260608-p604qb