Aussie dollar hits four-month low
THE Australian dollar has fallen to its lowest level in over four months, dragged down by lower US stocks and metals prices, as well as higher US bond yields, which are supporting a higher US dollar.
At 0635 AEST on Tuesday, the local currency was worth 76.06 US cents, down from 76.71 US cents on Monday. Earlier in the morning, the Australian dollar fell as low as 76.00 US cents, its lowest level since December 13.
CURRENCY SNAPSHOT AT 0635 AEST ON TUESDAY
One Australian dollar buys:
* 76.06 US cents, from 76.71 on Monday
* 82.69 Japanese yen, from 82.71 yen
* 62.30 euro cents, from 62.49 euro cents
(*Currency closes taken at 1700 AEST previous local session)