Australian dollar slides

The Australian dollar has fallen Monday, buying 68.73 US cents from 69.02 US cents on Friday.

Last Friday, the local currency was heading for a steep weekly loss as investors wager that aggressive rate cuts will be needed given soft economic data at home and the fallout from China-US tariffs globally.

The Aussie eased to 68.92 US cents on Friday and was down 1.5 per cent for the week so far in the biggest fall for the currency since mid-May.

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