Australian dollar falls

dollar24The Australian dollar continued to slide Thursday buying 72.67 US cents from 72.92 US cents on Wednesday.

Yesterday, the local currency slumped after disappointing GDP data further dimmed the chance of any rise in interest rates, while carnage in global share markets combined to pull bond yields to one-year lows.

The Aussie stumbled back to US$0.7317 and away from a four-month top of $0.7394 hit early in the week.

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