$A hits new three year low
THE Australian dollar has hit fresh three-and-a-half-year lows amid growing confidence in the US economy.
THE Australian dollar has hit fresh three-and-a-half-year lows amid growing confidence in the US economy.
At 0630 AEDT on Monday, the Australian dollar was trading at 87.81 US cents, down from 88.15 cents on Friday.
The local currency sank as low as 87.64 US cents overnight amid growing strength in the US dollar.
Better-than-expected data from the US recently has shown solid growth in the economy in December.
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