Thu, 06 Jun 2013 06:42:08 GMT
Australian Dollar depreciates on shares
The Aussie depreciated to the two-year low as the advantage of Australia's falling interest-rate over its peers diminishes the allure of the currency. The Australia's Dollar slipped 1% to 94.45 U.S. cents at 2:43 p.m. Sydney time after reaching 94.35, the lowest level since October 4, 2011. The kiwi dropped 0.8% to 79.10 U.S. cents after touching 79.03, the weakest in