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ABC News
ABC News
Business
business reporter Emilia Terzon

AUD plunges and ASX drops, as rate hike divergence appears between Australia and US — as it happened

Reserve Bank of Australia Sydney
The Australian market is expected to follow Wall Street's downward trend. (ABC News: John Gunn)

It's becoming a story of the dove and the hawk. Australia's central bank is hinting it may soon ease off on rate hikes, while the US Fed is still getting stuck in. That's impacting the Australian dollar, which is plunging to its lowest rate in months.

Find out how it all unfolded on our ABC live markets blog.

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