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REFILE-Australian, New Zealand dollars fall against U.S. counterpart

Published 02/03/2017, 09:10 pm
© Reuters.  REFILE-Australian, New Zealand dollars fall against U.S. counterpart
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(Adds dropped 's' in headline)

LONDON, March 2 (Reuters) - The Canadian, Australian and New Zealand dollars all slipped against their U.S. counterpart in a burst of morning selling in Europe on Thursday, pressured by broad dollar strength and lower oil prices.

The Aussie fell to a 3-week low, down 0.8 percent at $0.7615 AUD=D4 , while the New Zealand and Canadian equivalents both hit 6-week lows, down 0.6 and 0.4 percent on the day NZD=D4 at $0.7098 and C$1.3375 CAD=D4 respectively.

"People are scrambling to adjust to the change in expectations for U.S. interest rates," said Peter Rosenstreich, head of market strategy with retail brokerage Swissquote.

"Money markets are now almost 80 percent priced for a rate hike this month and that is the primary driver."

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