Australian dollar slips

ID:159191732

The Australian dollar has fallen Tuesday, buying 69.60 US cents from 69.69 US cents on Monday.

Last Friday, the local currency held onto gains made as markets move swiftly to price in a run of rate cuts in the United States as trade tensions escalate.

The Aussie dollar was steady at 69.75 US cents on Friday, up 0.5 per cent for the week so far, a resilient performance given the country’s central bank cut interest rates to a record low on Tuesday.

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