Australian Dollar headed for biggest monthly drop since 2011 amid economy concern

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Source: Bloomberg
The Australian currency headed towards its biggest monthly slide in over two years amid speculation a stagnation in China will have a negative impact on the economy, inducing the Reserve Bank to cut key interest rates this year. The Australian Dollar has declined 5.2% in the past month, among the 10 developed-market currencies. The Aussie fell 0.2% to 96.47 versus the greenback.
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