Australian dollar dips below 88c
THE Australian dollar has hit a fresh eight-month low after the New Zealand central bank talked down its own currency.
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THE Australian dollar has hit a fresh eight-month low after the New Zealand central bank talked down its own currency.
At 0630 AEST on Friday, the local currency was trading at 87.88 US cents, down from 88.05 cents on Thursday.
The currency fell as low as 87.74 US cents overnight, its lowest level since February 4.
Currency snapshot at 0630 AEST on Friday
One Australian dollar buys:
* 87.88 US cents, from 88.05 cents on Thursday
* 95.56 Japanese yen, from 96.19 yen
* 68.95 euro cents, from 69.13 euro cents
(*Closes taken at 1700 AEST previous local session)
Source: IRESS AAP
Originally published as Australian dollar dips below 88c
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