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Australian dollar slumps

Australian money background. Soft focus shallow DOF with lots of copy space.

The Australian dollar plunged to a near 12-year low of 62.13 US cents amid the coronavirus pandemic that is shaking global financial markets. The dollar had not sunk this low against the greenback since the GFC-lows of November 2008. The early-morning fall came as the US dollar spiked overnight in what IG’s Kyle Rodda described as choppy trade.

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