AUD falls on lower chance of rate hike, GYG jumps after ditching US | Finance Report | ABC NEWS
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The Australian share market ended its week higher on hopes that the US and Iran will soon finalise a peace deal. Meanwhile, the reduced likelihood of the Reserve Bank (RBA) lifting interest rates dragged the Australian dollar lower, while shares of Guzman Y Gomez (GYG) surged after the company abandoned its ill-fated expansion into the US fast-food market, as finance presenter David Chau explains. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-22/asx-markets-business-news-live-updates/106703430 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, AUD, RBA, ASX, US Iran, Guzman y Gomez, GYG, Australian dollar, interest rate, fast food, Wall Street, David Chau, ABCBusiness, finance, finance news, finance report, finance news abc
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