Aussie heads for weekly drop as China's economy slowing and Crimea holds referendum

Source: Bloomberg
© Scanpix/Reuters
The Australian Dollar is set for a weekly decline against the Dollar and the Yen as Chinese economy is slowing and ahead of a referendum in Crimea on breaking away to join Russia. Australia's currency contracted 0.3% to 90.05 U.S. cents as of 5:15 p.m. in Sydney from Thursday trading session, when it gained 0.5%. It fell 0.6% to 91.44 yen. For the week, the Aussie is down 0.7% versus the U.S. Dollar and 2.4% against Japanese currency.
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