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Aussie dollar declines

The Australian dollar continues to fall Tuesday, buying 68.54 US cents from 68.74 US cents on Monday. Yesterday morning, the local currency fell, buying 68.73 US cents from 69.02 US cents on Friday.

Last Friday, it 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.

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