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Australian Shares Dip, Dollar Nears Five-Year Lows

1/13/2025

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Summary

Story summary

Australian shares hit a two-week low, with the S&P/ASX 200 Index declining 1.2% amid a sell-off in banks and tech stocks.
The Australian dollar approached five-year lows, trading at $US61.34, affected by shifting US interest rate expectations.
Energy stocks rose as Brent crude prices climbed to $US81.25 a barrel.

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Story summary

Australian shares hit a two-week low, with the S&P/ASX 200 Index declining 1.2% amid a sell-off in banks and tech stocks.
The Australian dollar approached five-year lows, trading at $US61.34, affected by shifting US interest rate expectations.
Energy stocks rose as Brent crude prices climbed to $US81.25 a barrel.