Bloomberg News

Australian Dollar Falls Amid Concern About Europe’s Debt Crisis

January 03, 2012

Jan. 4 (Bloomberg) -- The Australian dollar fell, snapping a four-day gain, as Europe’s bailout fund plans to sell three- year bonds amid concern the region’s biggest economies may lose their top credit ratings.

The so-called Aussie dropped 0.3 percent to $1.0344 at 12:34 p.m. in Sydney.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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