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Australian dollar falls

ID:110225411

dollar2The Australian dollar has edged lower Tuesday buying 72.30 US cents, down from 72.47 cents on Monday.

The local currency yesterday found some support as Asian markets steadied on hopes for progress on China-US tariffs at an anxiously awaited G20 meeting later in the week.

The Aussie dollar, often used as a liquid proxy for global trade prospects, edged up to 72.42 US cents on Monday and away from last week’s low at 72.02 US cents.

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