Aussie Dollar ETF Plunges as Reserve Bank Cuts Rates
May 03, 2016 at 15:09 PM EDT
In a bid to assuage deflation concerns, the Reserve Ban of Australia cut its official rate to a historic low Tuesday, triggering a sell-off in the Aussie dollar and potentially lifting currency-hedged country-specific exchange traded funds (ETFs). The CurrencyShares Australian Dollar Trust...