Lingering RBA rate rise bets keeps Aussie dollar afloat (opens original article in a new tab)

The Australian dollar stays above US70¢ as market bets on further RBA rate hikes counter US Fed's hawkish stance, despite a 3.6% decline since mid-May.

• Australian dollar remains above US70¢ despite US Fed's hawkish shift
• Bond market expects RBA to raise rates again this year
• Aussie fell 3.6% from mid-May peak