Aussie trades near 3-week low as risk appetite ebbs

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Source: Bloomberg
© Scanpix/Reuters
The Australian Dollar traded close to the lowest level in three weeks as risk appetite ebbs and stocks fell globally yesterday on signs of global slowdown and increasing tension over the Gaza strip. The Aussie traded at $1.0332 from yesterday, when it fetched $1.0307, the weakest level since October 26. The currency was poised for a 0.6% drop versus the U.S. Dollar this week, the biggest decline since the five days ended October 5. 
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