Meet the Manager: Andrew Mitchell of Ophir moneymanagement.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymanagement.com.au Daily Mail and Mail on Sunday newspapers.
The Australian dollar and bonds were sent into a tailspin after hot US inflation figures prompted traders to price out the chance of some rate relief from the Reserve Bank in 2024.
Australian shares are expected to open weaker on Monday, after finishing at a record last week. The S&P/ASX 200 has broken intraday records six times this year.
The Kiwi dollar fell sharply after New Zealand’s central bank surprised with a policy pivot, saying that the risks to the outlook for inflation were now more “balanced”.