AUD/USD: Australian dollar nears US66¢ as tailwinds including hawkish Reserve Bank and iron ore price
$A accelerates to near US66¢ as tailwinds build
The Australian dollar touched a four-month high as a weakening US dollar, stronger yuan and rallying iron ore prices to above $US133 a tonne continued to push the local currency higher.
The $A climbed to US65.65¢ overnight on Monday, a level last seen on August 10 and briefly touched a four-month high of US65.8¢ on Tuesday afternoon.
The moves follow a sell-off in the greenback, which is nearing an 11-week low, weighed …