THE Australian dollar is again
weaker, a day after slumping to a six-year low on the back of Greece’s
rejection of further austerity conditions on a bailout.
At 0630 AEST on Tuesday, the local unit was trading at 74.98 US cents, down from 75.11 cents on Monday.
The uncertainty created by Greece’s rejection of a creditor austerity package, combined with falling iron ore prices and the vulnerability of China’s economy is weighing on the local currency.
CURRENCY SNAPSHOT AT 0630 AEST ON TUESDAY
One Australian dollar buys:
* 74.98 US cents, from 75.11 cents on Monday
* 91.88 Japanese yen, from 92.12 yen
* 67.82 euro cents, from 67.97 euro cents
At 0630 AEST on Tuesday, the local unit was trading at 74.98 US cents, down from 75.11 cents on Monday.
The uncertainty created by Greece’s rejection of a creditor austerity package, combined with falling iron ore prices and the vulnerability of China’s economy is weighing on the local currency.
CURRENCY SNAPSHOT AT 0630 AEST ON TUESDAY
One Australian dollar buys:
* 74.98 US cents, from 75.11 cents on Monday
* 91.88 Japanese yen, from 92.12 yen
* 67.82 euro cents, from 67.97 euro cents
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