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Australian dollar slumps on falling commodity prices

Posted on 19 April 2013

The Australian dollar slumped again Thursday as global commodity markets continued to suffer from disappointing Chinese economic growth data. The slide in commodity prices began with gold this week and has spread to copper, crude oil and silver. The decline has been so quick that there is fear of insolvency among investment funds caught out, traders said.
The Australian dollar traded at $1.0313 at 0700 GMT compared with $1.0356 late Wednesday. It traded as low as A$1.0269 in Asia……………………………………..Full Article: Source


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