Tue, 11 Jun 2013 07:31:04 GMT
Australian Dollar drops to almost three-year low
Aussie dropped to almost three-year low against the U.S. Dollar after the home-loan approvals rose at the slowest pace in 12 weeks, adding to the case that borrowing costs may be cut. Australia's currency depreciated 0.6% to 94.12 U.S. cents at 3:23 p.m. Sydney time, after reaching 93.82, the lowest in almost three years, while it fell 1.1% to 92.46