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ANZ Shares Decline Amid Broader Banking Sector Weakness

ANZ Shares Decline Amid Broader Banking Sector Weakness

Author:

Global Cryptocurrency

Published:

2026-01-20 08:33:02

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BTCCSquare news:

ANZ Group Holdings (ANZ.AX) fell 1.15% to A$36.94 as Australia's banking sector retreated ahead of key economic data. The S&P/ASX 200 dropped 0.66%, reflecting market caution amid trade concerns and global uncertainty.

Commonwealth Bank (CBA.AX) led losses with a 1.81% decline, followed by Westpac (WBC.AX) and National Australia Bank (NAB.AX). Analysts attribute the pullback to shifting interest-rate expectations, with investors awaiting January's labor data and CPI figures to gauge RBA policy moves.

"The financial sector is cooling off after earlier rate-cut optimism," noted Shaw and Partners' Philip Pepe. The Australian dollar edged higher to 67.37 U.S. cents despite the equity weakness.

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