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The Australian dollar is tumbling


australian dollar
Markets
Insider

The Australian dollar is acrobatics on Friday, fluctuating losses
from progressing this week.

The Aussie dollar was down by 0.8% during 0.7735 per US dollar at
10:11 a.m. ET. 

The Australian dollar started shifting opposite the
greenback on Friday mins before a US
jobs news crossed.

There’s also been some news out of a Australian central
bank and new debility in a country’s
economic data.

Earlier Friday, Reserve Bank of Australia house member Ian Harper
was reported to have pronounced that he’s not statute out a rate cut,

according to Bloomberg. The banking tumbled after that
news crossed.

Retail sales, meanwhile, suddenly slipped 0.6%
month-over-month in August, according to information expelled Thursday.
Economists were awaiting an uptick of 0.3%.

The Australian dollar is during the lowest indicate in
scarcely 3 months.

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