Bloomberg News

Aussie Falls to Lowest Level Since Dec. 1 Versus U.S. Currency

October 03, 2011

Oct. 3 (Bloomberg) -- Australia’s dollar weakened to the lowest this year against its U.S. counterpart as European debt concerns and declines in Asian shares curbed demand for higher- yielding assets.

The so-called Aussie slid to as low as 95.96 U.S. cents as of 12:57 p.m. in Tokyo, the least since Dec. 1, 2010, from 96.62 cents last week.

To contact the reporter on this story: Monami Yui in Tokyo at myui1@bloomberg.net

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


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