Australian dollar lower on plane crash

THE Australian dollar is lower after US and European stocks tumbled on news of a plane crash in rebel-held east Ukraine.

A 1 Australian Dollar coin and a 1 US Dollar note are seen in Canberra, Tuesday, May 21, 2013. As the US economy rebounds, there are predictions that the Australian dollar could fall as low as 90 US cents in the coming weeks and months. (AAP Image/Lukas Coch) NO ARCHIVING

THE Australian dollar is lower after US and European stocks tumbled on news of a plane crash in rebel-held east Ukraine.

At 0630 AEST on Friday, the local currency was trading at 93.56 US cents, down from 93.71 cents on Thursday.

A Malaysian airliner carrying 295 people from Amsterdam to Kuala Lumpur has crashed in rebel-held east Ukraine in what has been called a “terrorist” attack.