THE INTERPRETER: Sharemarket in the red as China cools : And the Australian dollar sunk to below US88¢ after a Reserve Bank of New Zealand jawboning effort struck a chord on Thursday, prompting more traders to pile into the US dollar. The Australian dollar was at US87.54¢ on Friday, down more than 5 per cent in the past month.

Saturday, 27 September 2014

Sharemarket in the red as China cools : And the Australian dollar sunk to below US88¢ after a Reserve Bank of New Zealand jawboning effort struck a chord on Thursday, prompting more traders to pile into the US dollar. The Australian dollar was at US87.54¢ on Friday, down more than 5 per cent in the past month.

Aussie dollar heading down as China cools

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