Dollar down on global growth concerns
THE Australian dollar has fallen on continuing worries about global and European growth.
THE Australian dollar has opened lower as concerns about growth continue to plague Europe and the global economy.
At 06.30 AEDT on Monday, the currency was trading at 102.57 US cents, down from 102.77 US cents.
European Union (EU) officials are set to meet in Brussels on Thursday and Friday to discuss further action on the region's debt crisis.
Concerns about peripheral countries re-emerged last week, after ratings agency Standard & Poor's dropped Spain's credit rating to just one notch above junk status.
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