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Australian dollar slides

The Australian dollar has fallen Friday, buying 68.05 US cents from 68.45 US cents on Thursday.

Yesterday, the local currency hit its lowest level against the US dollar since the global financial crisis, while the ASX200 has closed 24 points lower.

It sunk to its lowest level against its US counterpart in a decade, and the Australian sharemarket has also finished lower, after the US Federal Reserve said its interest rate cut is unlikely to be the first of many.

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