A$ Dips Below US80c
September 12, 2008
September 12, 2008 - The Australian dollar suffered its biggest slump in more than a year this week, dipping below US80c, as weaker commodities and a renewed bout of risk aversion hit the local currency.
High-yielding currencies such as the Australian dollar and the euro were battered as the ill-winds of anxious sentiment drove the Aussie down as far as US79.6c, off its 25-year peak of US98.33c on July 16.
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