Bloomberg News

Australian Dollar Holds Declines After Business Confidence Falls

September 12, 2011

Sept. 13 (Bloomberg) -- The Australian dollar held yesterday’s decline after a survey released by National Australia Bank Ltd. showed business confidence plunged last month to the lowest level since April 2009.

The so-called Aussie traded at $1.0341 at 11:32 a.m. in Sydney from $1.0345 before the data and $1.0347 yesterday. The currency yesterday touched $1.0256, the lowest level since Aug. 12.

To contact the reporter on this story: Benjamin Purvis in Sydney at bpurvis@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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