Aussie dollar sinks to lowest level since January

The Australian dollar has fallen to its lowest level since January.

The slump comes after the US Federal Reserve indicated it had no plans to further stimulate the American economy, and after the head of the IMF implored US politicians to inject more funds to guard against possible financial crisis in Europe.

At 10.16am AEST, the local dollar was trading at $US1.0294, having fallen from an opening price of $1.0331. The news will give relief to Australian businesses negatively affected by the strong dollar.

The AUD was trading at $US1.0305 at 11.50am.

COMMENTS

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Close
SmartCompany Plus

Sign in

To connect a sign in method the email must match the one on your SmartCompany Plus account.
Or use your email
Show
Forgot your password?

Want some assistance?

Contact us on: support@smartcompany.com.au or call the hotline: +61 (03) 8623 9900.