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Australian dollar slides

dollar23The Australian dollar has fallen Tuesday, buying 69.86 US cents from 69.91 US cents on Monday.

Yesterday morning, the local currency was at 69.84 US cents from 69.95 US cents on Friday.

Australian investors “will be on edge” when the Reserve Bank of Australia meets on Tuesday as the debate on whether it should cut rates “continues to heighten”, Mithun Fernando, Sydney-based investment analyst at Rivkin Securities, said in a note.

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