Commodity

$AUD Opens Weaker Again: Commodity Prices


The Australian dollar opened significantly weaker on Tuesday as falling commodity prices and a narrowing interest rate spread with the US weighed on the local unit. At 7am (AEDT), the local currency was trading at US74.04¢, almost three quarters of a US cent below Monday's close of US74.72¢. During overnight trade, it hit a high of US74.71¢ and a low of US74¢.

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