PHOTO: The Australian dollar
The Australian dollar has inched closer to a recent 2-1/2 year trough against its US counterpart after weak July housing loans data sparked fears of a further slowdown in the once-booming property market.
The Australian dollar fell 0.6 per cent to 71.57 US cents on Friday, just above Wednesday’s 71.45 – the lowest since March 2016.
So far this week, the Aussie is down 0.5 per cent, piling on losses from last week’s 1.8 per cent slip.
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