Australian Dollar depreciates as Cyprus depresses sentiments

Note: This section contains information in English only.
Source: Bloomberg
The Australian Dollar, also known as the Aussie, dropped by 0.5% to $1.0358 in the end of Sydney trading session on Monday. The Aussie erased two-day gains, as Cyprus increased concern that a new round of debt crisis in Europe will reduce demand for higher risk assets. Cypriot President ordered to take 5.8 billion Euros, a part of every bank account in Cyprus, to construct a bailout fund.
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Mon, 18 Mar 2013 07:12:08 GMT

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