Australian dollar declines

The Australian dollar has fallen Tuesday, buying 69.09 US cents from 69.26 US cents on Monday.

Yesterday, the local currency firmed in the wake of a surprise election victory by the Coalition, although the gains were pared in the face of Sino-US trade tensions and bets for a local rate cut.

The Aussie dollar was last at 69.06 US cents on Monday, having bounced from a four-month trough of 68.65 US cents.

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