Bloomberg News

Australian Dollar Falls as Europe Debt Concers Curb Risk Demand

July 17, 2011

July 18 (Bloomberg) -- The Australian dollar declined for a third day as concern the European debt crisis will worsen damped demand for higher-yielding assets.

The so-called Aussie dropped to $1.0611 as of 10:22 a.m. in Tokyo from $1.0653 last week in New York.

To contact the editor responsible for this story: Nicholas Reynolds at nreynolds2@bloomberg.net


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