Thu, 01 Aug 2013 08:07:08 GMT
Australian Dollar reaches lowest in 3 years
The Australian Dollar reached the weakest level in approximately 36 months on speculations that the nation's central bank will cut interest rates the following week. Australia's currency fell 0.2% to 89.67 U.S. cents at 4:41 p.m. Sydney time, after slipping 0.6% to 89.27, the lowest since September 2010. The Kiwi slid 0.2% to 79.68 U.S. cents after depreciating 1.3% in