The Australian dollar falls to 67.9 US cents as more traders bet the Reserve Bank will slash Australia's cash rate to a fresh record low of 0.75 per cent in October.
Australian shares are likely to start the day slightly higher, despite a mixed performance across foreign markets.AUD: 68.27 US cents, 54.73 British pence, 61.88 euro cents, 74.02 Japanese yen, $NZ1.08Europe: FTSE 100 +0.6pc at 7,356, DAX +0.6pc at 12,458, CAC +0.7pc at 5,659, Euro Stoxx 50 +0.7pc at 3,553
Three of the big four banks are now expecting a rate cut on October 1, with Commonwealth Bank joining Westpac and ANZ in that regard. "But yesterday's August employment report showed that that labour market slack is increasing rather than decreasing."The dollar also fell sharply to 54.2 British pence after European Commission president Jean-Claude Juncker told reporters he was confident a Brexit deal would get passed before the October 31 deadline.The benchmark S&P 500 was flat, while the tech-heavy Nasdaq rose 0.1 per cent.
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